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Swiss-based BE WTR, a premium provider of sustainable water solutions, has successfully raised CHF 39 million ($45.45 million) in its Series C funding round, fueling its ambitious expansion across Singapore and Asia.
After a recent launch in Singapore, BE WTR announced on Monday that this fresh infusion of capital is crucial as the company looks to strengthen its presence throughout Asia. Leading the investment was Convent Capital, a prominent Dutch growth equity fund in the agri-food sector.
Other major investors include Edmond de Rothschild Direct Investments, PeakBridge, a well-known FoodTech backer and long-time supporter of BE WTR, and HHT, the holding company of serial entrepreneur Mike Hecker, who is also the founder, principal shareholder, and CEO of BE WTR, along with other private investors.
BE WTR's primary mission is to provide premium, environmentally friendly water solutions that ensure everyone has access to clean drinking water while dramatically reducing reliance on single-use plastics and packaging. With this new funding, the company aims to accelerate its global vision and scale up its operations.
BE WTR claims to be at the cutting edge of innovation in water distribution, purification, and sustainability, setting new standards for water consumption in residential, commercial, and hospitality sectors. The funds will be used to enhance its portfolio of market-leading water solutions, invest in research and development, and push into new territories, including China and North America, while also solidifying its presence in Switzerland.
What sets BE WTR apart is its unique, circular approach to water delivery. Instead of relying on traditional bottled water, the company offers filtered, fresh, and flavoured water served directly in sleek glass bottles, providing an eco-friendly alternative right on-site.
“This funding round enables us to scale our circular bottling plants operations across Europe, the Middle East, North America and Asia and expand our product offerings, driving further innovation in the water industry,” said Mike Hecker, Chief Executive Officer of BE WTR.
Convent Capital Agri-Food Fund’s involvement is said to highlight its dedication to impact-driven businesses.
“We believe BE WTR is uniquely positioned to address some of the critical challenges around the logistics, waste and health implications of water consumption.
“Their vision aligns with our goal of supporting businesses that create lasting value for society and the environment,” said Dirk Hoorn, Chief Executive Officer and Founder of Convent Capital.
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