LOS ANGELES, CA - Membrane technology company PolyCera® Membranes has completed a $9 million Series A funding round that will enable the company to make immediate investments to build out its global manufacturing, R&D and sales capabilities.
The Series A funding round was led by Kairos Ventures with follow on capital provided by Bluestem Capital and the Wolfen Group – two of PolyCera’s existing investors through Water Planet.
The news follows Blue Planet spinning out its PolyCera membrane product line into a separate subsidiary operating company.
The company intends to use the funds to invest in manufacturing capabilities near its headquarters in Southern California and fast-track development and commercialization of its nanofiltration and reverse osmosis products.
Engineered with Nobel Prize winning chemistry and made of an organic metal material, PolyCera membranes gained immediate market traction upon their launch in November 2016.
PolyCera now has more than 80 installations on three continents up and running as well as 27 live trials on six continents in various stages of completion.