kindrik partners advises cleantech startup DiviGas on US$3.6m seed round
We’re pleased to have advised DiviGas, a Singapore-based startup cleaning up the hydrogen production industry, on their recent US$3.6 million seed round. The round was led by Energy Revolution Ventures and Mann + Hummel, a German industrial filter company. Entrepreneur First, Union Square Ventures, SOSV/HAX, Amasia VC, Volta Energy Technologies and Climate Capital also participated in the round.
DiviGas has engineered a product designed to efficiently separate and recover hydrogen and other gases at refineries and plants. Their innovative design allows customers to save money and minimise the wasteful and dangerous side-effects such as CO2 production and other mixed gases and chemicals.
The company was founded in 2019 by Dr. Ali Naderi, a researcher in the field of gas processing membranes, and Andre Lorenceau. The startup intends to use the funds to create a plant in Melbourne to produce the first industrial-scale pilots with select partners.
Chris Wilson, Partner at Kindrik Partners says, “we see DiviGas making a huge impact on sustainability efforts in the industrial energy sector – and there has never been a better time for it.”
Read our other recent deal announcements here.