Bio Pure Technology (BPT), an Israeli company with a technology that helps companies in some of the most polluting industries to filter and treat their wastewater, has raised $12 million in Series B financing.
US Venture Partners (USVP) and Pitango Venture Capital led the round with participation from existing investors Aurum Ventures and Elron Electronic Industries.
BPT specializes in chemically-stable membrane-based separation solutions intended for use in the water and wastewater treatment industries. The company’s technology targets customers in the landfill, mining, chemical, biopharma and food sectors, allowing them to filter their wastewater to comply with environmental regulations.
Based in the large city of Rishon Lezion in central Israel, BPT says it will use the funds to expand its manufacturing facilities, continue R&D and further develop its sales and marketing infrastructure to meet increased worldwide demand.
“USVP has been investing in cleantech for over six years and this is our first cleantech investment in Israel. Water treatment and recycling are critical elements of adapting to climate change,” said Jacques Benkoski, USVP venture partner.