Quench USA, Inc., an independent owner, marketer and distributor of point-of-use bottle-less drinking water purification and dispensing systems, has raised $13m in equity funding.
Virgin Green Fund, a private equity firm focused on growth capital investing, led this latest round, with existing investors Element Partners and Douglas Brown also participating.
The funds will enable the company to further expand its product offering in new regions across the USA.
Commenting on the financing, Evan Lovell, a Partner with Virgin Green Fund, said: “Quench is uniquely positioned to capitalize on the strong growth in the point-of-use sector.
“We are excited by the opportunity to help the company continue to execute on its business plan and further expand its product offering across the country”.