TLDR:
- Philippine climate tech startup, Humble Sustainability, secures funding from Gobi Partners to promote circular living practices.
- The funding injection will support Humble’s expansion plans and capacity to scale operations within the country.
Philippine climate tech startup, Humble Sustainability, recently received undisclosed funding from Asia-focused venture capital firm Gobi Partners through its Gobi-Core Philippine Fund. This funding will aid Humble in promoting circular living practices by facilitating the resale of electronic equipment to mitigate environmental impact and promote sustainable business practices in a country that generates up to 61,000 metric tons of solid waste daily. Humble has also secured additional funding from investors such as Double River Impact, Equitrust Holdings Inc., the National Development Company (NDC), and the XA Network, following an oversubscribed seed round in 2022.
Humble’s co-founder and CEO, Josef Werker, sees the involvement of partners and investors as a significant milestone for the company. The company’s focus on promoting a circular economy by reducing electronic waste aligns with its mission to inspire humanity to adopt circular living practices. Through collaborations with various corporations, Humble has diverted a substantial amount of electronic waste from landfills, equivalent to preventing the disposal of numerous electronic items. Serving more than 75 clients, including Canva, Manulife, and Sunlife, Humble plans to continue expanding its impact on environmental sustainability.
Gobi-Core Philippine Fund’s Co-founder and Managing Partner, Jason Gaisano, expressed support for Humble’s mission and growth, emphasizing the importance of circular economy initiatives in combating e-waste. Recognizing Asia’s contribution to global e-waste, Gaisano commended Humble’s efforts in leading sustainable solutions within the Philippines and beyond. Humble’s goal to circulate one billion items by 2030 aligns with its commitment to offer comprehensive data-driven reports and analytics to empower clients to achieve their ESG objectives efficiently.
