kindrik partners advises hydroleap on US$1.9m funding round
We’re excited to have advised Singapore-based wastewater treatment startup Hydroleap on its US$1.9 million funding round led by Wavemaker Partners. Other investors in the round included Enterprise Singapore’s Seeds Capital and 500 Durians (500 Startups’ Southeast Asia fund).
Hydroleap provides a cost-effective, environmentally-friendly and automated wastewater treatment solution, by replacing expensive chemical treatments with a smart electrical treatment. The company claims its solutions are three times cheaper and two times smaller than current technologies.
Hydroleap CEO and Founder Dr Mohammad Sherafatmand said, as an early stage startup, we needed an active and responsive lawyer to go through drafts, find the best bargain and cover many angles of our fundraising round. I am glad that we went through this with Kindrik Partners (specifically Sarah Yen) due to their quality service and reasonable pricing.
Hydroleap intends to use the new funds to expand into verticals in the mining, palm oil, and semiconductor industries.