Membrion, a provider of sustainable solutions for industrial and semiconductor wastewater, announced today that it has raised $12.5 million with the completion of the company’s Series B funding round.
Founded in 2016 Seattle-based Membrion enables industrial water users recycle their wastewater more sustainably and economically than traditional methods. The company manufactures ceramic desalination membranes able to recover up to 98% of water in harsh conditions, eliminating the need for thermal treatment, chemical precipitation or trucking water offsite. The solutions can be used in a variety of sectors, including microelectronics, oil & gas, and food and beverage.
Greg Newbloom, founder and CEO of Membrion, said:
“Our technology is a game changer for creating circularity of valuable resources from challenging wastewater, including harsh metal-laden wastewater in the semiconductor industry. Membrion has had many successful pilot projects and now has multiple commercial installations coming on-line that will save each customer hundreds of thousands of dollars per year.”
The second close of Membrion’s Series B round was led by Samsung Venture Investment Corporation and Lam Capital, raising $5.5 million, and followed a previous $7 million close led by PureTerra Ventures.
Kevin Chen, head of Lam Capital, said:
“Membrion is paying careful attention to creating sustainable solutions for water and resource circularity. This strategic investment reflects Lam Capital’s focus on investments in companies with the potential to have a disruptive force in technology and advance the semiconductor industry, and we believe Membrion may play an important role in ensuring that complex industrial wastewater is treated and reused sustainably while helping to meet ambitious ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. targets.”