akvola Technologies, a Berlin, Germany-based water technology company providing solutions for the removal of oils and suspended solids from hard-to-treat industrial effluents, completed its Series A financing round.
Backers included Bruno Steis (ex-CEO of inge AG), Detlef Taprogge (Managing Director of TAPROGGE GmbH), VNG Innovation GmbH, BAMAC GmbH, and High-Tech Gründerfonds (HTGF).
The company intends to use the funds to accelerate commercialization of its solutions for the €20bn global industrial water treatment market and hire talent.
Led by CEO Matan Beery and Founder and CFO Lucas León, akvola Technologies is a water technology company that provides environmentally friendly solutions based on akvoFloat™ – a proprietary flotation-filtration process– to clean industrial wastewater containing high concentrations of oil (free, dispersed and emulsified) and suspended solids.
These solutions can be implemented in such major water-using industries as Oil and gas, Refining and petrochemicals, Metalworking, Steel, Food and beverage and Pulp and paper.