Mister Loo, a tech-enabled public toilet sanitation provider is rapidly expanding its toilet facilities across Asia and has raised a Series A funding of $5m allowing it to accelerate growth pan Asia!
Mister Loo designs, constructs and manages public toilet facilities through its tech- enabled service platform at high footfall locations in Asia. It has a direct and tangible impact in the business, as the company has 60 sites and 600,000+ monthly visitors, says the company.
"We announce the closing of our Series A financing raising USD 5m allowing us to accelerate growth pan Asia!," says the company.
The financing round was led by Silverhorn Group, a well-known Hong Kong based investment firm contributing its network and experience in the Asian consumer market.
"We will leverage the equity funding and benefit from the company's profound expertise as a leading impact investor through responsAbility Investments AG's debt investment to deliver tangible results on public health in our target emerging and frontier markets!," it says in a media release.
The company also welcomes Andreas Th Weckherlin as a new member of the Board of Directors.
Weckherlin is a business leader with 20+ years of experience as Regional Director of Nestlé, Kraft Foods, and other FMCG as well as Alumni of HSG, IMD & Harvard Business School.
"Weckherlin will contribute his excellent network in the region and his key expertise in business transformation & growth, strategic marketing as well as circular economy business models.
"We deeply appreciate the team’s hard work and our existing investors’ support during the fundraising process.We are looking froward to developing Mister Loo into the leading service provider in Asia!," Mr Loo says.