Water Planet, maker of water treatment membranes has secured an undisclosed amount in its Series B round of funding participate by Air Liquide’s ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund.
Founded in 2011 in Los Angeles, Water Planet develops and markets innovative products and solutions for the water treatment membrane that helps in solving the world’s most challenging water reuse and desalination applications. The company aims to introduce more intelligent, robust and cost-effective membrane products. Its innovative products consist of IntelliFlux membrane controls and its Core-CMS ceramic membrane technology.
Further to the new funding, the company has rebranded from Water Planet Engineering, LLC to Water Planet, Inc with a new tag line, “Where Innovation Happens.” It has restructured as Delaware C-corporation. The new tag line of the company intends to mean its continued growth and mission to lead the global advancement of water reuse with the means of disruptive membrane material, module and process.
Eric Hoek, CEO of Water Planet said, “This round of funding represents an important step forward for Water Planet. We now have the capital to commercialize PolyCera membrane technology and to drive sales of our broadening portfolio of innovative products. Our new investor add significant value beyond the infusion of capital. They bring great experience in early stage companies as well as global access to customers, which will further fuel our growth.”
“We value Air Liquide’s confidence in our technologies and the future their represents not only for or company, but also for the water treatment industry. We are already engaged with them to develop unique offerings for water reuse and look forward to bringing other services and products to market together,” said Subir Bhattacharjee, co-founder and CTO of Water Planet.
Michael Silton, Executive Chair of UCLA Venture Fund stated, “UCLA investment fund is particularly interested in supporting both technology and alumni that have grown from UCLA campus and community. We believe in the future of Water Planet and see their work benefiting the many water needs of California and beyond.”