The latest news on investment offerings, financial products and other services relevant to wealth advisors and their clients.

HeveaConnect
HeveaConnect, a Singapore-based, agri-commodities platform company this week said it has completed its series A round led by Provident Capital Partners, DeClout Ventures and HC management. 

Provident and DeClout are joining SGX Group, DBS Bank, ITOCHU Corporation and Halcyon Agri Corporation as shareholders of HC. 

The management team has also bought in, with the HC CEO owning more than a 3 per cent direct stake. Founded in 2018, HC has built a digital trading platform for physical natural rubber trading. 

Proceeds from the investment will be used for working capital, technology development and continued business development in the natural rubber industry as well as expansion into other agri-commodities. HC has partnered with World Wildlife Fund Singapore to develop Hamurni, a practical, inclusive and scalable digital tool for supply chain mapping and traceability. 

Findex Group, BWT
Findex Group, an Australian provider of financial advisory and accounting services, has been asked to help raise $15 million for UK-based, water technology company Botanical Water Technologies. Family offices, among other organisations, are involved in backing the venture.

‘’We now have the opportunity to create up to 3 trillion litres of a new sustainable source of water made from plants which can be traded on our exchange as drinking and ingredient water or gifted as impact water,” BWT co-founder and chief executive Terry Paule said.

Chris Carey, Findex chief growth officer, corporate finance, said: “We were shocked to find out that severe water scarcity is being experienced by around 4 billion people at least one month per year. To also discover BWT has the technology, and its investors have the ability to redress water scarcity globally, made this an exciting and must-do capital raising project for us.” 

In addition to Findex, BWT is backed by investors including Fujitsu, Process Partners and the Liveris and Paule Family Offices.

BWT has created the process of harvesting water, which is naturally stored in plants. It partners with Fujitsu and is building a “Botanical Water Exchange,” a blockchain-based water trading platform.