Government funding could lift Bay Area water investment sector
Seven Bay Area recycled water projects could pave the way for a wave of new investments in the growing sector if the Consolidated Natural Resources Act of 2008 is ratified by the president. The measure authorizes the U.S. Bureau of Reclamation to defray up to 25% of the projects’ construction costs.
The extra government push could be just what the staid water sector has been looking for: An opportunity for local startups to dive right in… Continue Reading
Miox reaps the benefits of a global focus on clean water
The convergence of several global trends — rising populations, increased food production and declining water stocks — has helped turn the once dull water sector into a cleantech darling. Startups that specialize in filtration, purification and treatment technologies have popped up in recent years, with more likely to come as worldwide demand for for clean water grows.
Miox, an Albuquerque, New Mexico, company that sells water purification equipment, has greatly benefited from these trends — having… Continue Reading
Purfresh adds on $5M for clean food and water
Purfresh, a Livermore, Calif. company that makes ozone equipment for purification of food and water, has added on $5 million to close out its $25 million third financing.
The company is busy expanding into Europe, although its CEO told VentureBeat a couple months ago that it could be profitable “tomorrow afternoon” if it stuck to business at home.
Perella Weinberg Partners added the $5 million investment. The investors in the remaining $20 million were Chilton Investment Co,… Continue Reading
Purfresh raises large financing round to make food safer
Purfresh is the new name of Novazone, a Livermore, Calif., company that disinfects and protects water and fresh produce, and which is expanding to cover more aspects of the food business.
Purfresh offers one of a number of companies rushing to find new, efficient ways to clean pathogens from food supplies. People and businesses are becoming less tolerant of harsh chemical cleansers that have been used for such purposes, in part because of sensitivity about the… Continue Reading