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Bewater is a blockchain platform that provides permissionless hackathon services enabling software engineers to launch decentralized coding competitions, operating from an undisclosed headquarters location. The infrastructure connects builders with cryptocurrency ecosystems and has attracted a user base of more than 25,000 GitHub-certified developers distributed across over 50 different countries. During its initial three months of operation, the organization facilitated over 20 distinct hackathons that distributed cumulative prize pools exceeding $2 million to participating project teams. Bewater operates as a strategic component within the broader portfolio ecosystem of crypto venture capital firm ABCDE. The platform regularly hosts developer events and technical competitions for prominent blockchain networks, including recognizable industry partners such as zkSync, Celestia, and Solana. The enterprise was officially founded in 2023 by former Huobi co-founder Du Jun and cryptocurrency entrepreneur BMAN.
Key people at Bewater.
Bewater was founded in 2023 by Fabio Armaganijan (Co-Founder) and Carlos Degas Filgueiras (Co-Founder).
Bewater was founded in 2023 by Fabio Armaganijan (Co-Founder) and Carlos Degas Filgueiras (Co-Founder).
Key people at Bewater.
Bewater has 1 tracked investment across 1 company. The latest tracked deal is $21.8M Series B in UME Financial Services in September 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 8, 2025 | UME Financial Services | $21.8M Series B | Bewater, Jose Corte Real | BIG Bets, Canary Ventures, Globo Ventures, NFX, PayPal Ventures |
Be Water is a premium artesian spring water brand owned and operated by Greene Concepts Inc. (OTC: INKW), a publicly traded beverage company focused on healthy hydration products.[2][3] Sourced from deep artesian wells in North Carolina's Blue Ridge Mountains, it offers naturally mineralized water that supports total body health and wellness, targeting health-conscious consumers shifting from sugary drinks amid rising wellness trends.[2][3] The brand serves active lifestyles through retail distribution, emphasizing purity, crisp taste, and sustainability, with production from a modernized 60,000-square-foot facility in Marion, North Carolina.[2][3]
Greene Concepts provides high-quality, enhanced beverage choices to meet nutritional needs while refreshing mind, body, and spirit, with Be Water as its flagship product driving national growth.[2][5] The bottled water market benefits from strong momentum, fueled by demand for convenience, premium options, and health-focused innovation.[3]
Greene Concepts acquired the dormant North Cove Springs Bottle and Beverage Company plant in 2018, restoring and modernizing the 60,000-square-foot facility over the next year with upgraded equipment, systems, and compliance processes.[2] Operations relaunched in spring 2020 amid the COVID-19 pandemic, successfully introducing Be Water—a premium artesian bottled water sourced from Blue Ridge Mountains aquifers filtered through ancient bedrock for essential minerals and balanced taste.[2][3]
Led by CEO Lenny Greene, the company transformed the site into a hub for large-scale production from seven spring and artesian wells across 155 acres, enabling nationwide and global distribution.[2][3] This revival story highlights perseverance, turning a shuttered plant into a nationally recognized brand despite launch challenges.[2]
While not a tech company, Be Water rides the explosive growth in the health and wellness sector, where bottled water is the most consumed U.S. beverage, propelled by trends in hydration, convenience, and premiumization.[3] Timing aligns with post-pandemic health consciousness, declining sugary drink sales, and demand for natural, mineralized products—market forces favoring stable, fast-growing categories like premium water.[2][3]
Greene Concepts influences the beverage ecosystem by revitalizing regional manufacturing, promoting sustainable sourcing, and scaling ethically produced hydration nationwide, contributing to broader shifts toward functional beverages.[2][3]
Greene Concepts and Be Water are positioned for continued expansion in a rapidly growing premium water market, leveraging their resilient facility and unlimited Blue Ridge sourcing for national retail push and potential global reach.[2][3] Upcoming trends like further wellness innovation and e-commerce distribution will shape growth, with operating efficiencies enabling new product lines or enhanced variants.[3]
As health trends accelerate, their influence may evolve toward dominating regional premium segments, building on renewal success to deliver sustained shareholder value—proving that pure mountain hydration can flow into broader market dominance.[2]