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 funds will be used to support growth at PolyCera Membranes, which was spun off from parent company Water Planet in February 2018

The funds will be used to support growth at PolyCera Membranes, which was spun off from parent company Water Planet in February 2018

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.


Tags

California


Click a keyword to see more stories on that topic, view related news, or find more related items.

© Faversham House Group Ltd 2018. Water. desalination + reuse news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.