Singapore’s Regenx Bags USD 500,000 Pre-seed Funding from Wavemaker Impact

Oct 2023

RegenX, headquartered in Singapore, has successfully secured USD 500,000 in pre-seed funding from Wavemaker Impact, a venture capital firm specializing in climate tech solutions. RegenX’s core mission revolves around regenerative agriculture, with a central goal of making it a more economically attractive alternative to traditional farming practices across Southeast Asia.

Traditional farming practices involving heavy chemical fertilizer use and monoculture are known to harm soil health, leading to lower crop yields, food security issues, and financial hardships for farmers. RegenX’s innovative RegenX Flywheel platform empowers global buyers to access toxin-free, traceable ingredients directly from regenerative farming regions, resulting in increased farm-gate prices for supported farmers. This approach not only yields financial benefits but also has a positive environmental impact by sequestering carbon, improving soil quality, fostering biodiversity, and conserving water resources.

RegenX has set an ambitious target of sequestering 100 Megatons of CO2e annually, which could potentially rejuvenate millions of hectares of arable land in Southeast Asia, thus considerably improving farmers’ livelihoods and their capacity to adapt to climate change. Remarkably, RegenX adopts a distinctive upstream strategy, in contrast to most agritech companies that mainly operate in the midstream or downstream sectors. Additionally, RegenX is well-positioned to capitalize on the current inflationary economic climate, increasing regulatory pressure for decarbonization, and the growing global investor interest in nature-positive solutions. This demonstrates that regenerative agriculture can be both financially viable and mutually advantageous for both farmers and buyers.

(Source: TechNode Global)

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