Clean Water Firm Raises $10 Million

Jan 15 2009 | 10:49am ET

Water purification company WaterHealth International has held a first close of its Series D funding for a total equity investment of more than $10 million.

Two of WHI’s current investors, Dow Venture Capital and Sail Venture Partners, are leading the Series D financing. WHI expects the final close by March 2009, bringing the anticipated total of Series D equity investment to approximately $20 million.

“We are pleased by the confidence exhibited in WaterHealth by our current investors,” said Tralance Addy, chairman and CEO of WaterHealth International. “As we move to rapidly expand the number of communities we serve and achieve unprecedented scale, access to capital is critical to our continuing success.”

WHI has more than 600 installations of its water purification and disinfection systems in developing countries around the world.

"Dow is committed to supporting efforts being undertaken to supply clean, safe water to people in need. We will develop innovative technologies and business models that lower the cost of water purification and set new levels for efficient water use," said Dave Kepler, chief sustainability officer of The Dow Chemical Company.

"WaterHealth embodies the combination of technology and execution that we see in the most exciting clean technology business models. By achieving scale, WHI can have a tremendous impact on the world's clean water crisis," said Hank Habicht, managing partner of SAIL.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…