ZwitterCo's Breakthrough in Water Treatment Industry with $58.4M Series B Funding
July 12, 2024, 9:35 pm
Location: United States, Massachusetts, Woburn
Employees: 11-50
Founded date: 2018
Total raised: $97.3M
ZwitterCo, a pioneering company based in Woburn, Massachusetts, has recently secured a substantial $58.4 million in Series B funding to propel its cutting-edge membrane technology to new heights. The funding round, spearheaded by Evok Innovations, saw the participation of key investors such as DCVC, BHP, Munich Re Ventures, Siteground, HG Ventures, and Blue Horizon Advisors, underscoring the industry's confidence in ZwitterCo's innovative approach to water treatment.
Under the leadership of CEO Alex Rappaport, ZwitterCo is on a mission to address pressing water challenges through the development of zwitterionic membranes that effectively combat organic fouling. These membranes not only enhance the lifespan and performance of existing water treatment systems but also drive sustainable water reuse practices by reducing chemical usage and ensuring compliance with stringent purity standards.
With a strong foothold in the industrial sector, ZwitterCo's membranes have already made a significant impact, with installations in over 50 facilities across North America, Europe, and Asia. By enabling industries such as power generation, meat and poultry processing, and dairy production to minimize water treatment costs, reduce downtime, and meet regulatory requirements, ZwitterCo is reshaping the way businesses approach water management.
In a statement following the funding announcement, CEO Alex Rappaport expressed his enthusiasm for the company's future prospects, highlighting the potential for ZwitterCo's membrane technology to revolutionize the industry. By empowering industries to access unconventional water resources affordably and reliably, ZwitterCo is poised to drive significant advancements in water treatment practices, paving the way for a more sustainable and efficient future.
The infusion of capital from the Series B funding round will enable ZwitterCo to accelerate the development and deployment of its membrane technology, further solidifying its position as a key player in the water treatment sector. As the company continues to expand its reach and deliver innovative solutions to address global water challenges, ZwitterCo's impact on the industry is set to grow exponentially, ushering in a new era of sustainable water management practices.
Under the leadership of CEO Alex Rappaport, ZwitterCo is on a mission to address pressing water challenges through the development of zwitterionic membranes that effectively combat organic fouling. These membranes not only enhance the lifespan and performance of existing water treatment systems but also drive sustainable water reuse practices by reducing chemical usage and ensuring compliance with stringent purity standards.
With a strong foothold in the industrial sector, ZwitterCo's membranes have already made a significant impact, with installations in over 50 facilities across North America, Europe, and Asia. By enabling industries such as power generation, meat and poultry processing, and dairy production to minimize water treatment costs, reduce downtime, and meet regulatory requirements, ZwitterCo is reshaping the way businesses approach water management.
In a statement following the funding announcement, CEO Alex Rappaport expressed his enthusiasm for the company's future prospects, highlighting the potential for ZwitterCo's membrane technology to revolutionize the industry. By empowering industries to access unconventional water resources affordably and reliably, ZwitterCo is poised to drive significant advancements in water treatment practices, paving the way for a more sustainable and efficient future.
The infusion of capital from the Series B funding round will enable ZwitterCo to accelerate the development and deployment of its membrane technology, further solidifying its position as a key player in the water treatment sector. As the company continues to expand its reach and deliver innovative solutions to address global water challenges, ZwitterCo's impact on the industry is set to grow exponentially, ushering in a new era of sustainable water management practices.