announces $7M in Series B funding to continue expanding ceramic desalination membranes used for water recovery.
Summary
Membrion announces $7M in Series B funding to continue expanding ceramic desalination membranes used for water recoverySeattle, WA, January 17, 2022 Membrion, a ceramic desalination membrane manufacturer that enables recovery of up to 98% of water in harsh environments, announced a $7M Series B funding round led by PureTerra Ventures, with participation from Safar Partners, GiantLeap Capital, Freeflow, and existing investors. Membrion CeramIX\xae desalination membranes offer a cost-effective on-site option for removal of problematic metals, minerals, and salts, and help industry to achieve its zero discharge aspirations.Its mind boggling to me that we still pump wastewater onto trucks and drive it somewhere else to be treated. Were seeing pilot projects convert to full commercial installations, which makes the more sustainable option, treating water on-site, an economically attractive reality. GiantLeaps managing partner, Himanshu Sekhar, further added.This round of funding will be allocated to significantly augmenting manufacturing capacity to meet current and robust future customer demand, expansion of the existing team with key commercial and operations specialists and additions to the IP portfolio family.Membrion manufactures ceramic desalination membranes that can recover up to 98% of water in the harshest conditions. The firm takes a long-term, thematic approach to provide value-oriented, flexible capital focused on private markets and opportunistic special situations.