PolyCera Membranes raises $9 million to support expansion
PolyCera Membranes has raised $9 million to expand its global manufacturing, research and development, and sales capabilities.
The funding was led by Kairos Ventures, with follow-on capital from Bluestem Capital and Wolfen Group, two of PolyCera’s existing investors through parent company Water Planet.
“In addition to investing in top-tier industry talent aimed at accelerating sales, we will use the funds to invest in manufacturing capabilities near our headquarters in Southern California, US, and to fast-track development and commercialisation of our nano-filtration and reverse osmosis products,” said PolyCera Membranes chief executive Simon Marshall.
PolyCera membranes are in use at 80 installations across three continents after they became commercially available in November 2016, and are involved in 27 active trials over six continents.