Singapore-based wastewater treatment startup Hydroleap has announced raising an additional $4.75 million in its latest funding round, backed by EDBI and Enterprise Singapore.
The latest round, which was also participated in by Antares Ventures and construction firm Woh Hup, brings Hydroleap’s total funding to nearly $12 million. It last raised $4.4 million in 2023.
Hydroleap said it will use the fresh capital to support the company’s expansion into hyperscale data centres across the Asia-Pacific region and fund the development of local teams in priority markets.
It will also accelerate Hydroleap’s deployment of sustainable water treatment solutions for industries such as pharmaceuticals, semiconductors, and the agrifood sector.
The company said its electrochemical solutions enable industrial users to cut chemical usage, recycle wastewater, and reduce energy consumption by up to 10%.
“Critical infrastructures urgently require smarter, more sustainable water and energy management. This is where Hydroleap delivers solutions that drive both financial efficiency and environmental impact,” said Hydroleap founder and CEO Mohammad Sherafatmand.
According to a report by the Asian Development Bank, most Asian cities do not have effective wastewater treatment systems. In the Philippines, for example, only 10% of wastewater is treated, while in Indonesia the figure is 14%, in Vietnam, 4%, and in India, 9%.
“Hydroleap delivers what industries across Asia Growth Markets increasingly need: efficient, scalable water treatment that’s both commercially viable and sustainable,” said Michael Gryseels, founder and managing partner of Antares Ventures.
Founded in 2016 by Sherafatmand, Hydroleap specialises in proprietary electrochemical systems that treat water and wastewater without relying on conventional chemicals.
Its clients include commercial and industrial operators across the region seeking to reduce environmental impact while maintaining operational performance.
The company raised S$2.6 million ($1.9 million) in a funding round led by Wavemaker Partners in 2019. Seeds Capital and 500 Startups’ Southeast Asia-focused 500 Durians fund also participated in the round.
The fundraising comes as Southeast Asia’s startup funding activity slumped in June, with both equity deal volume and investment value falling sharply from the previous month and a year earlier, dragged by the absence of big-ticket late-stage transactions, according to DealStreetAsia’s report.
