Tech Company Financing Transactions
ecoSPIRITS Funding Round
ecoSPIRITS, operating out of Singapore, secured $10 million from Closed Loop Partners, Convivialite Ventures and Pavilion Capital.
Transaction Overview
Company Name
Announced On
5/11/2023
Transaction Type
Venture Equity
Amount
$10,000,000
Round
Series A
Proceeds Purpose
The company intends to use the funds to accelerate its research and development program, scale up its hardware, software and Internet-of-Things (IoT) research and development program, expand operations in key markets worldwide, including the United States, and grow its regional customer and engineering teams in Miami, London, Singapore and Shanghai.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
168 Robinson Road Number 12-01
Singapore, 068912
SG
Singapore, 068912
SG
Phone
Undisclosed
Website
Email Address
Overview
ecoSPIRITS is an innovative closed-loop distribution system that nearly eliminates packaging waste in the premium spirits supply chain. By dramatically reducing packaging and transport costs, ecoSPIRITS provides both a powerful cost advantage and a transformative carbon footprint reduction.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Paul Gabie
Chief Operating Officer
Anand Subramanian
Chief Technical Officer
Derek Tang
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