Water Technology Company Aquafortus Raises $17M In Series A1; Purifies High-Salinity Brines, While Extracting Precious Resources, Affordably
Feb 23, 2023•over 2 years ago
Amount Raised
$17 Million
Round Type
series a
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.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech