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Business
BASF Helps NANOH2O Raise $40 Million
by Alexander H. Tullo
May 7, 2012
| A version of this story appeared in
Volume 90, Issue 19
NanoH2O, which is developing a nanostructured reverse-osmosis water filtration membrane, has raised $40 million in a round of equity financing. BASF Venture Capital, which chipped in $7.5 million, led the funding round along with Total Energy Ventures and Keystone Ventures. Additionally, NanoH2O secured a credit facility of $20 million. BASF says NanoH2O’s technology allows for greater water flux and salt rejection than other membranes on the market. In all, NanoH2O has raised $75 million in equity.
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