Silverstrand Capital is a Singapore-based impact investor focusing on biodiversity, has invested in Porifera, Advanced membranes and systems for product concentration and waste water management, helping shape a sustainable world.
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The funds will be utilized to quicken the company’s expansion in new food-and-beverage category subsectors. Founded in 2009, Porifera’s processing technology is a game changer for the food & beverage industry and a positive force that is helping shape a more sustainable world. Porifera has developed advanced membranes and systems for product concentration and waste-water treatment.
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“Today, an excessive volume of water is transported thousands of miles away from its source,” said Kelvin Chiu, Founder and Principal of Silverstrand Capital. “Shipping fruits from drought-prone regions to make juice in areas where water is plentiful, for example, is not only ecologically damaging for already stressed water basins – it also results in huge greenhouse gas emissions from transportation and refrigeration. Porifera’s unique technology addresses these issues, and is aligned with our mission to protect nature.”
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“Our customers come in as skeptics and leave as converts after tasting the samples we produce,” said Olgica Bakajin, Porifera’s Founder and CEO. “They are surprised that a beer reconstituted from 6x concentrate, tastes just like the brand we start from, even after being stored for more than 12 months, or when 65 Brix watermelon concentrate looks, smells and tastes like freshly cut watermelon.”
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About Silverstrand Capital
Founded in 2018, Silverstrand Capital is a Singapore-based impact investor focusing on biodiversity. Through both impact investments and philanthropic capital, we aim to catalyse systems change for both the restoration and conservation of nature, and to turn existing extractive, ecologically-destructive practices into regenerative ones.
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