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PolyCera Membranes, a Los Angeles, CA-based developer of membrane technology for industrial or production wastewater treatment and process division, finished a $9m Series A financing round.
The Series A capitalization round was driven by Kairos Ventures with take after on capital gave by Bluestem Capital and the Wolfen Group – two of PolyCera's current speculators through Water Planet.
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"Completion of the Series A funding round is an important step forward for PolyCera, creating a solid foundation on which to continue our dynamic growth. In addition to making important strategic investments in top-tier industry talent aimed at accelerating sales, we will use the funds to invest in manufacturing capabilities near our headquarters in Southern California and fast-track development and commercialization of our nanofiltration and reverse osmosis products. We are committed to bring to customers around the world the most advanced membrane filtration products that deliver the highest quality of treatment with unrivaled reliability at the lowest lifetime cost," said Simon Marshall, Chief Executive Officer of PolyCera Membranes.
"I am very pleased and grateful to have Kairos Ventures as a major investor in PolyCera Membranes along with Bluestem, the Wolfens and our historical investors through Water Planet," said Eric Hoek, Founder and Chairman of PolyCera Membranes.
The organization plans to utilize the assets to build out its worldwide manufacturing, R&D and sales capacities.
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