ZwitterCo, Inc., a Boston, MA-based advanced membrane technology company, raised USD33m in Series A funding.
The round was led by DCVC with participation from new investors Heritage Group Ventures, Genoa Ventures, and Mott Corporation, and existing investors MANN+HUMMEL Corporate Ventures, Burnt Island Ventures, and R-Cubed Capital Partners.
The company intends to use the funds to add applications development, increase its pilot fleet, build inventory to meet the demand for ZwitterCo products, commission an innovation center just north of Boston, accelerating the development of new membrane products based on its chemistry.
Led by Chris Drover, co-founder, and CTO, and Alex Rappaport, co-founder and CEO, ZwitterCo leverages patented zwitterionic copolymers to build highly advanced membranes that solve the toughest wastewater separation challenges. Its membranes can be used in a wide variety of new applications and operating environments, given their ability to repel thousands of times more organic compounds than standard membranes. The company is building a suite of membrane products with these and other capabilities, bringing the precision and reliability of filtration to historically underserved markets.
ZwitterCo’s first product, a superfiltration (SF) membrane, targets challenging industrial wastewaters for treatment and reuse.
Since introducing their SF in 2021, the company has booked over a dozen commercial projects and completed dozens more successful pilots. As a result, ZwitterCo is already tackling some of the hardest wastewater treatment challenges, including digestates, leachates, O&G-produced water, poultry & dairy, bioprocessing, and food & beverage wastewaters. Additionally, membranes are used in novel process applications where fouling recovery, ruggedness, and exacting tolerances are essential, such as protein extraction from bio-fermentation.
FinSMEs
15/09/2022