PH climate-tech startup Humble Sustainability secures additional funding

PH climate-tech startup Humble Sustainability secures additional funding

Humble Sustainability team.

Humble Sustainability, a Philippines-based climate-tech startup, has announced raising additional funding to expand its operations and scale its business in the country.

The startup did not disclose the amount it raised but said the latest funding round was anchored by Asia-focused venture capital firm Gobi Partners through the Gobi-Core Philippine Fund (Gobi-Core).

The government agency National Development Company also invested in the round through the Startup Venture Fund. Other investors include investment firm Double River Impact; Philippines-registered holding firm Equitrust Holdings; and a number of angels.

The funding round follows Humble’s $750,000 seed funding in November 2022, anchored by SeedStars International Ventures, a global seed-stage venture investor.

Founded by CEO Josef Werker and COO Niña Opida, Humble advocates “circular living” as it helps some of the largest e-commerce, logistics, and retail companies in the Philippines reduce waste by preventing items from being disposed of and decreasing demand for the production of new ones.

The company said it aids clients in reaching their environmental, social, and governance (ESG) goals by reusing equipment. Humble’s sustainability mission supports partners’ corporate social responsibility (CSR) goals by creating ESG funds for donation or financing.

“We’re passionate and driven to help the environment in a significant and tangible way, and we won’t stop until we achieve our mission to use business in inspiring humanity to adapt to circular living,” said Humble co-founder and CEO Josef Werker.

Humble claims to have successfully diverted over 250,000 kg—the equivalent of 116,279 laptops, 6,250 residential split air conditioners, or 185 Honda Civics—of e-waste from landfills.

It partners with more than 75 top-tier B2B clients, including renowned firms such as Canva, Manulife, and Sunlife.

“Considering Asia has been previously recorded to contribute to almost half the world’s e-waste, it’s encouraging to witness the rise of circular economy initiatives in the Philippines,” said Gobi-Core Philippine Fund co-founder and managing partner Jason Gaisano.

The funding comes as the Philippines ranked second in Southeast Asia in May in terms of funds raised as startups in the country secured $30.1 million from six deals during the month, according to proprietary data collated by DealStreetAsia.

Edited by: Joymitra Rai

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