Membrion publicizes $7M in Sequence B funding to proceed increasing ceramic desalination membranes used for water restoration
Membrion continues to increase applied sciences for harsh industrial wastewater remedy
— Greg Newbloom, Membrion CEO and co-founder
SEATTLE, WA, UNITED STATES, January 20, 2023 /EINPresswire.com/ — Membrion, a ceramic desalination membrane producer that permits restoration of as much as 98% of water in harsh environments, introduced a $7M Sequence B funding spherical led by PureTerra Ventures, with participation from Safar Companions, GiantLeap Capital, Freeflow, and current traders. Nic Pannekeet, managing accomplice of PureTerra Ventures, and Himanshu Sekhar, co-founder and managing accomplice of GiantLeap Capital, will be a part of Membrion’s Board of Administrators.
Membrion was based in 2016 particularly to deal with the challenges in industrial wastewater the place the one methodology of coping with these hard-to-treat discharges was trucking. Membrion CeramIX® desalination membranes supply a cheap on-site possibility for removing of problematic metals, minerals, and salts, and assist business to realize its zero discharge aspirations.
“It’s thoughts boggling to me that we nonetheless pump wastewater onto vehicles and drive it someplace else to be handled. We’re seeing pilot tasks convert to full industrial installations, which makes the extra sustainable possibility, treating water on-site, an economically enticing actuality. It’s thrilling,” Membrion CEO and co-founder Greg Newbloom mentioned in an announcement. “This Sequence B funding helps to solidify our imaginative and prescient of phasing out inefficient legacy water remedy processes. We’re grateful to all our clients and traders for his or her perception in and help of Membrion.”
“Membrion brings to the market a membrane know-how like no different now we have seen, and now we have seen rather a lot,” mentioned Nic Pannekeet, a accomplice at PureTerra. “Greg and his gifted group have put a twist on the normal EDR construct by the inclusion of ceramic which opens a a lot wider discipline of software. We couldn’t be extra excited so as to add Membrion to our portfolio and we stay up for serving to this distinctive know-how attain its potential.”
“At GiantLeap, we accomplice with firms with platform applied sciences inside crucial industries the place we are able to meaningfully advance ESG. Membrion brings a chic answer for crucial water infrastructure with various applicability throughout quite a few sectors. Greg is an distinctive chief and we’re wanting ahead to actively partaking with him on our worth creation playbooks to catalyze the following stage of Membrion’s development.” GiantLeap’s managing accomplice, Himanshu Sekhar, additional added.
This spherical of funding will probably be allotted to considerably augmenting manufacturing capability to fulfill present and sturdy future buyer demand, enlargement of the prevailing group with key industrial and operations specialists and additions to the IP portfolio household.