abillion Raises $10M Series A Financing

December 16, 2021Client News

Gunderson Dettmer represented client abillion, a Singapore-based sustainability platform, in its $10 million Series A financing led by 1/0 Capital. Other investors included Mamoru Taniya and Bradley Busetto of Tokyo-based SDG Impact Japan, the first full-service sustainable investment firm in Japan. The new funding will go toward both expanding the company's product development, engineering and design capabilities, and building a peer-to-peer marketplace within the abillion app.

In the announcement of the transaction, founder and CEO at abillion Vikas Garg said, “We have a long road ahead in achieving our target of one billion people committed to plant-based living and a more sustainable planet. Completing our Series A is a significant milestone and we're excited to make a far greater impact for our planet in 2022 and beyond.”

The Gunderson deal team was led by David He and included Kinnari Sahita and Cheryl Lau.