israel newTech Tamat

Emefcy Closes Funding Round Led By True North Venture Partners

By: Mickey Chesla, Blog Manager

Israeli efficient wastewater treatment start-up Emefcy has announced the closing of its third funding round led by True North Venture Partners, with participation by existing investors: Pond Venture Partners, Plan B Ventures, Israel Cleantech Ventures and Energy Technology Ventures: a joint venture of GE, ConocoPhillips and NRG Energy.

CEO Eytan Levy did not share details of the investment, but industry sources estimate it to be in the millions of dollars.

Levy is quoted in the company’s press release as saying: “We are very pleased with True North joining Emefcy. True North adds outstanding experience and know-how in successfully building technology-based companies. This experience compounds with that of our current investors to further Emefcy’s corporate development”.

“The Emefcy team brings breakthrough technology, successful wastewater market experience and outstanding entrepreneurial drive; a combination we find compelling. We expect their products to have global impact in a large market.” said Mike Ahearn, True North’s Managing Partner.

Emefcy is a rising star in the cleantech map, having won a number of prestigious international awards and recognitions:

Emefcy is dedicated to creating new energy efficient technologies for wastewater treatment in municipal and industrial applications that enable transformation of wastewater treatment plants from cost to profit centers by addressing the two most costly operational expenses: energy and sludge.

For  the full company press release click here.

    Energy, Investment, Start-ups, Wastewater Reclamation
    4021 people have viewed this post.

    Leave a Reply

    Your email address will not be published. Required fields are marked *