A software startup developed by two University of Queensland graduates has raised $200,000 in a Seed round backed by Melbourne VC Skalata Ventures.
Lewi Software is tackling an unsexy part of asset management in the chemicals sector – wastewater management, which has suffered from underinvestment on the software from compared to the rest of the $4 trillion global chemicals industry.
Cofounders Vishnu Avudainayagam and Geraldine Terada-Bellis said that in Australia, around 22 utility companies service $100 billion of assets in wastewater alone. But unlike profit-driven sectors like oil and gas, where millions are poured into software development, wastewater was left behind.
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Lewi Software participated in the 2022 Ventures ilab Accelerator program. During the three-month program Geraldine and Vishnu received mentorship and $10,000 to accelerate their startup.
