GeoPure HydroTechnologies, LLC, a Fort Worth, Texas-based company focused on developing and commercializing processes and technologies used to the treat wastewater generated during the exploration and production (E&P) of oil, natural gas, coal and other natural resources, has secured an undisclosed initial infusion of Series-A capital.
The financing was lead by Fort Worth-based Stockyard Capital and a group of Fort Worth-based businessmen.
The funds will be used to commercialize its proprietary pre-treatment and membrane technologies.
In conjunction with the financing, Ryan Perras, Founder and Managing Partner of Stockyard Capital Management, will assume the role of Chief Financial Officer and Chief Operating Officer of GeoPure HydroTechnologies.
Simultaneous to the financing, the company acquired all physical assets and intellectual property of Geopure Water Technologies, LLC. Steve Cone, founder of Geopure Water Technologies, will also join GeoPure HydroTechnologies as Chief Executive Officer.