Membrion Startup USA – Membrion, a Seattle-based startup, has raised $7 million to expand production of its ceramic membranes for wastewater treatment.
Membrion, which was founded in 2016 at the University of Washington, aims to solve a problem in wastewater treatment by eliminating the need for companies to truck water away rather than treat it on the spot. It sells ceramic desalinization membranes, which can be used to treat toxic runoff from manufacturing processes, removing salt as well as heavy metals like lead, mercury, arsenic, and copper.
“We’re seeing pilot projects convert to full commercial installations, making the more sustainable option of treating water on-site an economically appealing reality,” said CEO Greg Newbloom in a statement. “This Series B investment contributes to our vision of retiring inefficient legacy water treatment processes.”
The majority of the company’s customers are Fortune 100 companies based in the United States, primarily in the microelectronics, automotive, food and beverage, and oil and gas industries. These businesses typically consume large amounts of water and rely on Membrion’s ceramic membranes to improve water stewardship. [Membrion Startup USA]
After years of developing filtering technology for use in fuel cells and water desalination systems, Newbloom founded the company. COO Philip Pickett, a longtime business manager for venture-backed power infrastructure and renewable energy firms, joins him.
The company currently has 24 employees and plans to increase that number to 32-35 by the end of the year.
PureTerra Ventures led the round, with participation from Safar Partners, GiantLeap Capital, Freeflow, and existing investors. The latest funding round brings the startup’s total funding to $17.5 million.
Membrion previously raised $6 million in an oversubscribed Series A round that closed in March 2020, and then added $3 million in September. It has also received a $3 million non-dilutive grant.
Membrion has previously received funding from Bellingham Angel Investors, WRF Capital, SeaChange Fund, the University of Washington, Amazon, the National Science Foundation, and the Murdock Charitable Trust. As part of the latest funding round, PureTerra Managing Partner Nic Pannekeet and GiantLeap Managing Partner Himanshu Sekhar will join Membrion’s board.