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Membrion publicizes $7M in Sequence B funding to proceed increasing

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membrion logo Membrion publicizes $7M in Sequence B funding to proceed increasing
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Membrion continues to develop applied sciences for harsh industrial wastewater remedy

This Sequence B funding helps to solidify our imaginative and prescient of phasing out inefficient legacy water remedy processes. ”

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— Greg Newbloom, Membrion CEO and co-founder

SEATTLE, WA, UNITED STATES, January 20, 2023 /EINPresswire.com/ — Membrion, a ceramic desalination membrane producer that allows 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 buyers. Nic Pannekeet, managing companion of PureTerra Ventures, and Himanshu Sekhar, co-founder and managing companion of GiantLeap Capital, will be 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 technique of coping with these hard-to-treat discharges was trucking. Membrion CeramIX® desalination membranes provide a cheap on-site choice for elimination of problematic metals, minerals, and salts, and assist business to attain its zero discharge aspirations.

“It’s thoughts boggling to me that we nonetheless pump wastewater onto vehicles and drive it some place else to be handled. We’re seeing pilot initiatives convert to full business installations, which makes the extra sustainable choice, treating water on-site, an economically engaging actuality. It’s thrilling,” Membrion CEO and co-founder Greg Newbloom stated 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 prospects and buyers for his or her perception in and help of Membrion.”

“Membrion brings to the market a membrane expertise like no different we have now seen, and we have now seen lots,” stated Nic Pannekeet, a companion at PureTerra. “Greg and his proficient crew have put a twist on the standard EDR construct by the inclusion of ceramic which opens a a lot wider area of utility. We couldn’t be extra excited so as to add Membrion to our portfolio and we look ahead to serving to this distinctive expertise attain its potential.”

“At GiantLeap, we companion with corporations with platform applied sciences inside vital industries the place we will meaningfully advance ESG. Membrion brings a chic resolution for vital water infrastructure with various applicability throughout plenty of sectors. Greg is an distinctive chief and we’re trying ahead to actively participating with him on our worth creation playbooks to catalyze the subsequent stage of Membrion’s development.” GiantLeap’s managing companion, Himanshu Sekhar, additional added.

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This spherical of funding will probably be allotted to considerably augmenting manufacturing capability to fulfill present and sturdy future buyer demand, enlargement of the present crew with key business and operations specialists and additions to the IP portfolio household.

Susan Fortner
BPR Worldwide
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January 20, 2023, 15:21 GMT

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