Clean Filtration Technologies, Inc., a Redwood City, CA-based developer of a patented water filter designed to reduce total suspended solids (TSS) from “difficult-to-filter” water, closed a $3.5m Series B financing.
The round was led by The Dow Chemical Company, which committed $3m through its venture capital group.
In conjunction with the funding, Dianne J. Mccord Maughon, New Business Development Director globally for Dow Water & Process Solutions, and Christopher Jones, Dow Investment Manager in Dow Venture Capital, will join CFT’s board of directors.
FinSMEs
19/05/2010