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

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Viking Manager In Rent Dispute

Aug 11 2014 | 4:14am ET

A hedge fund manager is demanding most of his money back from his former landlord...

Guest Contributor

Majority Of Inflows Go To Brand Name Hedge Funds

Aug 12 2014 | 9:00am ET

Since the market correction of 2008, a vast majority of hedge fund net asset flows...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.

The Alpha Pages

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note