Desalination technology company Desalitech has secured an additional US$5 million equity funding from US private equity firm Liberation Capital and its institutional investors.
This latest funding increases Liberation Capital's total investment in Desalitech to US$9.5 million and brings the total amount raised by the water treatment technology company to over US$13 million. Desalitech will use the funds to accelerate its production of high-recovery low-cost industrial water treatment solutions. "Liberation Capital is providing more than just funding," said Desalitech CEO Nadav Efraty. "This investment is a vote of confidence from experienced water experts that recognize how our proven products can change the economics of water treatment, providing more reliable, cost-effective solutions to maximize the performance of industrial manufacturing operations." "Desalitech has developed a superior and differentiated technology to meet the growing and irreversible market demand for high efficiency and high recovery," said Jeff Garwood, managing director of Liberation Capital. "Their solutions are ideal for industrial and agricultural water treatment, where fresh water supply and effluent disposal costs have become a burden, or even a limiting factor in many cases."
