BE WTR, the Swiss-founded company sustainable and premium water solutions provider, has raised CHF 39 million ($45.45 million) in its Series C funding round for expansion plans in Singapore and Asia.
The firm said in a statement on Monday that this latest funding is crucial as the firm seeks further expansion across Asia, following its recent launch in Singapore.
The investment was led by Convent Capital, a prominent Dutch Agri Food growth equity fund, with strong follow-on participation from PeakBridge through their Growth 2 Fund, a prominent FoodTech investor and long-term supporter of BE WTR, Edmond de Rothschild Direct Investments and HHT, the holding company of serial entrepreneur Mike Hecker, Founder, main shareholder and Chief Executive Officer of BE WTR and other private investors.
This new round of funding will accelerate BE WTR’s mission to provide eco-friendly, premium water solutions, ensuring access to high-quality drinking water while reducing reliance on single-use packaging and plastics.
The company said it is at the forefront of innovation in water purification, distribution, and sustainability, aiming to set new standards for how water is consumed across residential, commercial, and hospitality sectors.
BE WTR plans to use the funds to further expand its Swiss and international reach including the launch of the Chinese & North American markets, invest in research and development, and enhance its market-leading portfolio of water solutions.
It is noted that BE WTR’s innovative, circular approach offers a more sustainable alternative to traditional bottled water consumption delivering bottled on site, filtered, great tasting water in elegant design glass bottles.
“This funding round enables us to scale our circular bottling plants operations across Europe, Middle East, North America and Asia and expand our product offerings, driving further innovation in the water industry,” said Mike Hecker, Chief Executive Officer of BE WTR.
It is noted that Convent Capital Agri Food Fund’s participation underscores their commitment to impact driven companies.
“We believe BE WTR is uniquely positioned to address some of the critical challenges around the logistics, waste and health implications of water consumption,
“Their vision aligns with our goal of supporting businesses that create lasting value for society and the environment,” said Dirk Hoorn, Chief Executive Officer and Founder of Convent Capital.
PeakBridge, a leading agrifood tech venture capital firm, also reaffirmed its strong support for BE WTR.
“At PeakBridge, we invest in solutions that not only address today’s global challenges but also create a more sustainable future,
“BE WTR’s cutting-edge approach to sustainable water consumption aligns perfectly with our values, and we’re excited to continue supporting their journey toward global impact,” said Erich Sieber, Managing Partner at PeakBridge.
Founded in Switzerland, B-Corp certified BE WTR is dedicated to changing the way people experience and consume water.
By providing high-quality, sustainable water solutions for premium hospitality, high gastronomy, offices and homes, the firm is committed to reducing plastic waste, single use and promoting environmental stewardship.
The company’s innovative, compact, bottling plants located on site of consumption or in city centers are the next step for a more responsible and modern bottled water.
The latest one, surrounded by a massive media interest, opened in Paris’ 18th arrondissement in mid-September.
Next plant to open is at the Rosewood in Abu Dhabi in November and the company plans to operate over 20 bottling sites by end of 2025.
The brand also innovates in design water systems focusing on gastronomy, offices and residential with BE WTR AQTiV range, a water activation innovation.
BE WTR is the water sponsor of Bocuse d’Or bringing taste and sustainability innovation to leading restaurants around the world.
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