BLOG

kindrik partners advises cleantech startup DiviGas on US$3.6m seed round

Logo_white

share:

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.

explore our other blog posts

Betterdata seed round

We’re happy to have advised Singapore-based synthetic data company Betterdata on an oversubscribed seed round of $1.65 million, led by Investible. The company was founded in 2021 by Dr. Uzair Javaid and Kevin Yee and allows clients to share data faster and more securely in compliance with stricter data privacy…

kindrik partners advises Green Li-ion on USD20.5m funding round

Kindrik Partners advised Singapore-based startup Green Li-ion on its recent USD20.5 million pre-B funding round. The round was led by TRIREC, followed by investors including Banpu NEXT and Equinor Ventures. Green Li-ion was founded in 2020 by Leon Farrant and Reza Katal to develop technology capable of recycling lithium-ion batteries…

kindrik newsletter