Gross-Wen Technologies Closes Oversubscribed $6.5 Million Investment

Aug 20, 2021•almost 4 years ago

Amount Raised

$6.5 Million

Description

Gross-Wen Technologies, a leading algae-based wastewater treatment company based in rural Slater, Iowa, is pleased to announce the closing of its Series A investment round. ISA Ventures and Iowa Farm Bureau's Rural Vitality Fund co-led this $6.5 million Series A investment in Gross-Wen Technologies, along with Next Level Ventures, Mid-American Angels, Ankeny Angels, Ag Startup Engine, Oman Ventures, and 1330 Investments. Gross-Wen Technologies has a patented wastewater treatment technology that uses algae to clean wastewater.

Company Information

Company

Gross Wen Technologies

About

GWT is a wastewater treatment technology company which uses algae instead of bacteria or chemicals to recover nitrogen and phosphorus from wastewater. Algae is considered the most sustainable way to treat wastewater. This is because during the treatment process algae is consuming CO2 from the atmosphere, then the CO2 containing algae is used as a slow-release fertilizer. What makes GWT unique is their algae-based treatment solution, called the revolving algal biofilm system (RAB), which is considered by many experts as the top algae treatment system in the world (6 issued patents). The company was founded by Dr. Martin Gross and Dr. Zhiyou Wen and is based on a technology they developed at Iowa State University. For more information: algae.com