BCR Environmental, a Jacksonville, Florida-based clean technology company offering solutions for sustainable wastewater and organic waste treatment, has raised $10m in a first round of institutional financing.
The round was co-led by XPV Capital Corporation and True North Venture Partners.
The company intends to use the funds to pursue its market expansion strategies and broaden its solutions.
Led by President and Chief Executive Officer Aaron Zahn, BCR provides proprietary, low cost solutions to recycle organic waste streams, such as biosolids from a wastewater treatment plant, into odor free, high quality compost or soil amendments. They are designed to lower capital and operating costs as compared to conventional treatment systems, reduce energy consumption and the carbon footprint associated with wastewater treatment.
FinSMEs
14/10/2011