Burnt Island Ventures reposted this
Late to reposting this, but this is what happens when: 1. A real and massive problem, meets: 2. A genuine and hard-won understanding of a value propostion to solve that problem, meets: 3. A team that has an ability to deliver a product to solve that value proposition, meets: 4. A team to deliver that product into the market to deliver the value proposition in response to the real and massive problem. Simple, but not easy. Massive congrats to Alex Rappaport, Christopher Drover and all the ZwitterCo team. I love that this is just a waypoint... Onwards.
Today, we’re proud to announce the successful close of ZwitterCo’s $58.4 million Series B! As climate change simultaneously drives water scarcity and increases demand for clean water in industries critical to the low-carbon transition, the need for innovations that deliver affordable and reliable water treatment from increasingly complex sources has never been more apparent. But when you mix a crazy passionate team, climate-savvy investors, and a legion of industrial customers and partners that are stepping up to the challenge of implementing sustainable solutions, securing a future with global water security doesn't look like a far-off dream - it's already happening and is something we can all act on today. I’m incredibly grateful for the support from our stakeholders who share our vision of solving the world’s most urgent water problems through advanced membrane technology. Our oversubscribed round was led by Evok Innovations, with participation from DCVC, BHP, Munich Re Ventures, SiteGround Web Hosting Company, HG Ventures, and Blue Horizon Advisors. To learn more, check out our press release here: https://lnkd.in/eKP4baUg Also, take a look at an exclusive article about our Series B published by Axios this morning: https://lnkd.in/egNKBW4j #climatechange #watertech #seriesB #sustainability #Superfiltration #ReverseOsmosis
Jeff Greenfeld
2mo
Pretty sure I was turned on to this co by you guys! Well done!
Umang Yagnik
3mo
Couldn’t have summed up any better than you, Tom! 🙌🏼
Orren Schneider
3mo
Well deserved!
Head of Commercial at World Bio Markets, Bio Innovations Midwest & World Bio Market Insights
3moHow good does it feel to see water tech FINALLY getting some serious funding!