Organica Water, a Princeton, NJ-based provider of innovative solutions for the treatment and recycling of wastewater, completed a $9.1m Series C financing, with a second tranche to follow.
The round was led by XPV Capital Corporation (XPV), with participation from Paris-based Idinvest Partners, through its Electranova Fund, and existing investors International Finance Corporation (IFC) and Gamma Capital Partners. As part of the financing Khalil Malouf, Managing Director of XPV and Julien Mialaret, Investment Director of Idinvest, will join Organica’s Board of Directors.
Founding in 1998 and led by Ari Raivetz, Chief Executive Officer, Organica operates treatment facilities that utilize a waste-processing biofilm on natural (plant) and/or engineered (patented biofiber media) root structures, all housed in a fully-enclosed, odorless, greenhouse facility.
The company’s latest offering is the Organica Food Chain Reactor (FCR) solution, a type of Integrated Fixed-Film Activated Sludge (IFAS) system which utilizes a fixed-bed biofilm that grows on both natural (plant) and engineered (patented) biofiber media root structures.
Organica also has offices in Budapest (Hungary), New Delhi (India), Shanghai (China), and Jakarta (Indonesia).