Aprisium, a Singapore-based provider of advanced contaminant detection and monitoring solutions, has announced the completion of its oversubscribed $7-million Series A funding round.
The round was led by Deep-Tech Venture Partners and Cocoon Capital, with significant participation from Woh Hup and Solisa Peppercorn.
The proceeds will be used to further accelerate Aprisium’s expansion into Europe, the United States, and Southeast Asia.
“Aprisium’s journey began with the world-class research from A*STAR, and the Singapore Deep-Tech Alliance effectively bridged this innovation with commercial expertise. The early backing from Cocoon Capital was instrumental in achieving product-market fit. With this Series A funding, Aprisium is poised to expand globally and lead the market in real-time contaminant detection, driving significant environmental benefits for industries worldwide,” Nicolas Tabardel from Deep-Tech Venture Partners said.
“Aprisium has achieved stellar performance at a remarkable pace since Cocoon Capital’s seed investment. The products and technologies developed by Aprisium will have positive real-world impact and will also enable many critical verticals globally,” said Carol Cheung from Cocoon Capital.
Aprisium was founded by serial entrepreneurs Raghav Narayan and Dr. Lars-Henrik Skjolding during the 2022 cohort of the Singapore Deep-Tech Alliance venture-building programme as a spinoff from the Agency for Science, Technology and Research (A*STAR).
The company offers on-site, real-time testing capabilities, enabling continuous and accurate detection of a wide range of contaminants, including heavy metals, inorganic compounds, and organic chemicals like PFAS. Aprisium can rapidly profile virtually any novel contaminant in the target medium, including fuels and engineered fluids.
Cocoon Capital is a Singapore-based venture capital firm focusing on early-stage, enterprise tech companies across Southeast Asia with assets under management of more than $60 million. The fund invests within the clean tech, medtech, fintech, and other deep tech verticals. It has made a total of 30 investments to date.
Deep-Tech Venture Partners (DTVP) is an early-stage investment firm focusing on startups using advanced technologies to solve complex challenges and create positive impact.
The global environmental monitoring market, which includes water, air, and soil monitoring, is projected to reach $25 billion by 2025, driven by increasing environmental regulations and the need for comprehensive contaminant management. The industrial water treatment market alone is expected to surpass $18 billion by 2027.
