US$ 6.25 million equity investment for Desalitech
Reverse-osmosis (RO) innovator Desalitech Inc has secured an equity investment of U$$ 6.25 million led by Liberation Capital LLC, which will be used for business expansion and working capital.Liberation will also be supporting Desalitech with considerable project finance capital.
Desalitech, founded in 2008, has commercialised its proprietary Closed Circuit Desalination (CCD) technology as packaged-plant products for industrial and municipal water supply and wastewater treatment applications. Plants are available as capital equipment sales or as outsourced water treatment solutions.
"Liberation Capital is providing the growth capital we need for product commercialization as well as the project finance that will allow us to create a service-oriented business model," said Nadav Efraty, Desalitech CEO. "As importantly, the deep industry domain knowledge brought by the Liberation team and their experience in growing global businesses will help us focus our strategy and scale our business as we grow."
Rick Stover, Desalitech's executive vice president, said, "Next-generation CCD technology is a performance breakthrough for RO water treatment. Desalitech is now prepared to recruit top performers and become a major provider of high-recovery and water-reuse solutions in North America and around the world."