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

PRIVATEFeb 23, 2023

Amount Raised

$17 Million

Round Type

Series A

MangereEnergyRenewable Energy

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.

Quick answer

Aquafortus raised $17 Million in a Series A round, dated February 23, 2023. Investors: Nzgcp, K1 W1, Burnt Island Ventures, Envisioning Partners, Intrepid Financial Partners, Universal Materials Incubator, Novo Holdings and Dcvc. Aquafortus is based in Mangere, Auckland, New Zealand.

How much did Aquafortus raise?
Aquafortus raised $17 Million in a Series A round on February 23, 2023.
Who invested in Aquafortus?
Nzgcp, K1 W1, Burnt Island Ventures, Envisioning Partners, Intrepid Financial Partners, Universal Materials Incubator, Novo Holdings and Dcvc are named as investors in this round.
What does Aquafortus do?
AquaFortus is a 2026 Global Cleantech 100 company delivering highly efficient brine concentration technology for the recovery of clean water and valuable minerals from hypersaline streams.
Where is Aquafortus based and how big is it?
Aquafortus is based in Mangere, Auckland, New Zealand. Fundz records about 36 employees.
Who are the decision-makers at Aquafortus?
Fundz holds 1 contact at Aquafortus. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Energy and Renewable Energy around the same time

Companies in the same sectors as Aquafortus that raised within 45 days of this round, from Fundz verified event records.

  • Ossus Biorenewables raised $2.4M (Seed) on April 5, 2023.
  • HeatTransformers raised $16M (Funding Round) on April 4, 2023.
  • Radiant raised $41M on April 4, 2023.
  • Waste Energy Corp raised $36K (Seed) on April 4, 2023.
  • Waste Energy Corp raised $378K (Seed) on March 31, 2023.
  • Type One Energy raised $29M (Seed) on March 28, 2023.

Who to call at Aquafortus, and when

A new round usually means Aquafortus is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Aquafortus

Location

Mangere, Auckland, New Zealand

About

AquaFortus is a 2026 Global Cleantech 100 company delivering highly efficient brine concentration technology for the recovery of clean water and valuable minerals from hypersaline streams. Its proprietary ABX™ platform is a safe, simple, non-thermal, and non-membrane process that uses non-toxic, non-flammable absorbents and food-grade regenerants to repeatedly produce high-quality water for beneficial reuse. Serving oil and gas, mining, and power markets worldwide, AquaFortus' technology operates at salinities where conventional membranes fail and does so with the lowest energy footprint in its class - at costs up to 70% lower than leading desalination alternatives.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Aquafortus raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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