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Water Technology Company Aquafortus Raises $17M In Series A1; Purifies High-Salinity Brines, While Extracting Precious Resources, Affordably

Feb 23, 2023over 2 years ago

Amount Raised

$17 Million

Round Type

series a

AucklandRenewable EnergyEnergy

Investors

NzgcpK1 W1Burnt Island VenturesEnvisioning PartnersIntrepid Financial PartnersUniversal Materials IncubatorNovo HoldingsDcvc

Description

Aquafortus, a water technology company that purifies high salinity brines and derives valuable metals and minerals from them in the process, today announced the closing of a $17 million oversubscribed Series A1 financing led by DCVC and Novo Holdings, and joined by Universal Materials Incubator, Intrepid Financial Partners, Envisioning Partners, Burnt Island Ventures, K1W1 and NZGCP.

Company Information

Company

Aquafortus

Location

Auckland, Auckland, New Zealand

About

Aquafortus Technologies Limited is a company at the cutting edge of water technology. Aquafortus has developed a novel non-thermal liquid to liquid crystallizer (the ABXTM), that reduces wastewater brine to dry salt and clean water. Zero Liquid Discharge (ZLD) means that practically all the water is recovered from the wastewater and that the remaining waste can be shovelled onto a truck for final disposal. The ZLD market has grown rapidly due to government regulations globally that compelled heavily polluting and water-intensive industries to go ZLD or face massive fines and ultimately be shut down. Aquafortus’ ABXTM system is a novel liquid-to-liquid crystallizer that promotes the formation of salt crystals via a proprietary direct contact crystallization process using Aquafortus’ patented solutions, which are called the Aquafortus Absorbent and the Aquafortus Regenerant. The ABXTM system efficiently reduces highly concentrated brines to dry salt and produces clean water. The Aquafortus Absorbent can precipitate all salts commonly found in industrial wastewaters, including troublesome salts like lithium chloride. The Aquafortus ABXTM system is the only known continuous and regenerable process that can wholly replace energy intensive Thermal Crystallizers in a ZLD treatment train.

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