OTI Greentech Group AG, a Zug, Switzerland-based cleantech engineering company, closed €$1.5m financing.
The round was led by Green Gateway Fund, which already led the growth funding in February 2013.
The company will use the funds to continue to expand operations, mainly in North America and Europe, including Russia.
Led by Stephan Rind, President of OTI Greentech provides environmentally friendly solutions and a patented technology for cleaning, recovery and disposal of oil in a wide variety of applications. This includes the cleaning of tanks, ships and industrial machinery, oil recovery from waste streams and a variety of oil field solutions to enhance oil recovery from conventional and unconventional deposits.
22/02/2013: OTI Greentech Group Raises €3.4M in Funding