Tuesday, 25 October 2016
Last updated 25 min ago
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.