Aprisium, an advanced contaminant detection and monitoring solutions provider based in Singapore, has on Wednesday announced the successful completion of its oversubscribed $7 million Series A funding round.
The round was led by Deep-Tech Venture Partners and Cocoon Capital, with significant participation from Woh Hup and Solisa Peppercorn, Aprisium said in a statement.
The funds from the Series A round will be used to further accelerate Aprisium’s expansion into Europe, the United States, and across Southeast Asia.
“We are thrilled by the overwhelming support from esteemed investors, which underscores the transformative impact of our deep-tech solutions in contaminant monitoring,
“This funding will accelerate our growth, expand our reach, and enhance our ability to deliver unparalleled solutions across Asia, Europe, and the United States,” said Raghav Narayan, Chief Executive Officer and Co-founder of Aprisium.
“With our innovative technology, we are driving a new era of sustainability, enabling our customers to achieve unprecedented levels of efficiency and profitability,
“Together with our dedicated team, we are not just imagining a better future; we are creating it,” he added.
Aprisium was founded by serial entrepreneurs Raghav Narayan and Dr. Lars-Henrik Skjolding during the 2022 cohort of the Singapore Deep-Tech Alliance venture building program as a spinoff from the Agency for Science, Technology and Research (A*STAR).
The company offers a suite of innovative solutions with on-site, real-time testing capabilities, enabling continuous and accurate detection of a wide range of contaminants, including heavy metals, inorganic compounds, and organic chemicals like PFAS.
“Aprisium’s journey began with the world-class research from A*STAR, and the Singapore Deep-Tech Alliance effectively bridged this innovation with commercial expertise,
“The early backing from Cocoon Capital was instrumental in achieving product-market fit. With this Series A funding, Aprisium is poised to expand globally and lead the market in real-time contaminant detection, driving significant environmental benefits for industries worldwide,” said Nicolas Tabardel from Deep-Tech Venture Partners.
Meanwhile, Carol Cheung from Cocoon Capital, said that Aprisium has achieved stellar performance at a remarkable pace since Cocoon Capital’s seed investment.
“The products and technologies developed by Aprisium will have positive real-world impact and will also enable many critical verticals globally,” she added.
According to her, Aprisium’s products will be extremely beneficial for global high tech industries such as data centers and HPC, concurrently it will improve sustainability in more traditional industries such as mining and shipping.
“Aprisium’s offerings will help to unlock the future of responsible energy consumption across the globe, and I am tremendously excited to help them achieve these goals,” she added.
According to the statement, Aprisium has deployed its analyzers in Singapore, the Philippines, and Australia, enhancing contaminant detection.
The firm has also signed contracts with global companies across multiple industries including water utilities, water treatment companies, data centers, cooling towers, mining, and shipping to ensure safety and environmental policy compliance.
It is noted that the global environmental monitoring market, which includes water, air, and soil monitoring, is projected to reach $25 billion by 2025, driven by increasing environmental regulations and the need for comprehensive contaminant management.
The industrial water treatment market alone is expected to surpass $18 billion by 2027.
With its cutting-edge technology and comprehensive solutions, Aprisium opined that the firm is well-positioned to capture significant market share in these growing industries.