Seattle-based company Membrion, which specializes in offering environmentally responsible solutions for treating industrial and semiconductor wastewater, announced today the successful conclusion of its Series B funding round, amassing a total of $12.5 million in investment.
Established in 2016, Membrion focuses on assisting industrial water users in recycling their wastewater in a more ecologically and economically viable manner compared to conventional methods. The startup produces ceramic desalination membranes that can recover up to 98% of water even under challenging conditions, obviating the necessity for resource-intensive thermal treatment, chemical precipitation, or transporting water offsite. These innovative solutions find applicability across diverse sectors such as microelectronics, oil & gas, and the food and beverage industry. The second stage of funding for Membrion’s Series B round was spearheaded by Samsung Venture Investment Corporation and Lam Capital, generating $5.5 million in funding. This follows a prior round where $7 million was secured, with PureTerra Ventures leading the way.
“I couldn’t be more excited about the investment syndicate that we’ve built for this round. Our technology is a game changer for creating circularity of valuable resources from challenging wastewater, including harsh metal-laden wastewater in the semiconductor industry,” said Greg Newbloom, founder and chief executive officer of Membrion. “Membrion has had many successful pilot projects and now has multiple commercial installations coming on-line that will save each customer hundreds of thousands of dollars per year. We’re thrilled to be one of the few sustainable wastewater treatment options that actually lowers facility operating costs – that’s been a big key to our success so far.”