EcoSpirits is a technology company.
EcoSpirits has raised $10.0M across 1 funding round.
EcoSpirits has raised $10.0M in total across 1 funding round.
EcoSpirits has raised $10.0M in total across 1 funding round.
EcoSpirits's investors include DBL Partners, Future Shape, GE Ventures, Marc van den Berg, Paladin Capital Group, Piva Capital, Bradley Horowitz.
ecoSPIRITS is a Singapore-based circular economy technology company founded in 2018 that builds a closed-loop packaging system for premium spirits and wine, using reusable ecoTOTE containers to replace single-use glass bottles.[1][2][3] It serves brands, importers, distributors, wholesalers, venues, and retailers in the global spirits and wine industry, solving the problem of massive single-use glass waste—70 billion bottles annually—and high carbon emissions (average 550g CO2 per bottle) by reducing waste by 95% and emissions by 60-90% through lighter packaging and efficient distribution.[1][2][3] The company has strong growth momentum, operating in over 22 countries with nearly 2,000 adopters including Michelin-starred restaurants and top bars, after raising $10M in Series A funding from investors like Pernod Ricard and Closed Loop Partners.[5][6]
ecoSPIRITS was founded in 2018 in Singapore by Paul Gabie, co-founder and director of Proof & Company—Asia Pacific’s leading spirits importer and distributor—who identified single-use glass as a major source of waste and emissions in the industry.[2][3][5] The idea emerged from Gabie's hands-on experience in spirits distribution, prompting him to develop the world’s first closed-loop packaging technology for premium spirits and wine to drive a circular economy transition.[2] Early traction came quickly through partnerships with bars, restaurants, and hotels; by 2023, it expanded to 22+ countries, adopted by nearly 2,000 venues, and launched initiatives like the ecoSPIRITS Forest Program, planting a tree per ecoTOTE cycle.[3][5]
ecoSPIRITS rides the circular economy wave in consumer goods, targeting the spirits/wine sector's outdated single-use packaging amid rising sustainability mandates and consumer demand for low-carbon products.[1][2] Timing is ideal as global regulations tighten on packaging waste (e.g., 689 billion single-use glass units in 2020) and supply chains face emissions scrutiny, positioning their tech as a scalable alternative that maintains liquid integrity and brand experience.[1][2][3] Market forces like premium spirits growth and logistics efficiencies favor them, while partnerships with giants like Pernod Ricard amplify influence, inspiring industry-wide shifts and proving circular models viable beyond tech into beverages.[2][5][6]
ecoSPIRITS is poised for accelerated global scaling, targeting 26-27 countries by late 2023 and deeper penetration in sectors like cruises and retail, fueled by its $10M Series A and hardware-software synergy.[2][5][6] Trends like stricter ESG regulations, IoT advancements in supply chains, and circular economy investments will propel growth, potentially disrupting traditional glass packaging entirely. Their influence may evolve from niche innovator to industry standard-setter, as more brands adopt to meet net-zero goals—echoing their founding mission to end single-use glass and redefine sustainable distribution.[1][2]
EcoSpirits has raised $10.0M across 1 funding round. Most recently, it raised $10.0M Series A in May 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| May 1, 2023 | $10.0M Series A | DBL Partners, Future Shape, GE Ventures, Marc van den Berg, Paladin Capital Group, Piva Capital, Bradley Horowitz |