Krosslinker, a Singapore-based advanced materials maker, has secured US$1.25 million in a seed funding round, led by 500 Startups.
Seedscapital, Entrepreneur First and several unnamed angel investors also participated.
As per a press release, the funds raised will aid Krosslinker in the development of its patented technology to manufacture aerogels and conduct pilot trials with their customers.
Aerogel is an advanced material that is light and resistant to heat and cold. It primarily functions as a thermally insulating material.
Founded in 2019 by a team of three scientists, Krosslinker develops technology that enables the advanced material to be produced faster, cheaper with low-energy consumption and reduced carbon footprint.
“This advanced material once considered expensive to commercialise can now be feasibly produced at a competitive cost with our disruptive manufacturing technology,” said Gayathri Natarajan, CEO and Co-founder of Krosslinker.
“Krosslinker’s aerogel innovation is solving an important challenge of protecting precious pharma products against temperature breaches during shipping,” said Vishal Harnal, Partner at 500 Startups.