FlexBase International, a Singapore-based climate change company, raised a six-figure funding round.
The amount of the round, raised via the investment platform AngelList, was not disclosed.
The placement was backed by Patri Friedman, GP of Pronomos Capital and Miles Albert. These Silicon Valley investors join Singapore-based Oilfield Services & Supplies (OSS Group), an oil & gas firm with a pan-Asian footprint, in backing the company. Currently, FlexBase is in ongoing discussions with investors in the US, Japan and Singapore. The company also counts Inderjit Singh Dhaliwal, President of the World Business Angel Investment Forum (WBAF) Global Startup Committee and a former Singapore parliamentarian, as a senior advisor.
The company intends to use the funds to finance working capital needs, talent acquisition, research & development, strategic business development, as well as pilot projects.
With roots in the Netherlands and Singapore and led by Jan Willem Roël, FlexBase International designs and implements floating foundations used to build on the water in a wide variety of applications for living, working and recreation. The concept is based on proprietary expanded polystyrene (EPS) and concrete hybrid.
The company is the result of the knowledge and experience of Unidek, Europe’s largest manufacturer of EPS, and Dura Vermeer, one of the largest construction companies in the Netherlands.
FinSMEs
19/07/2022