EnviroTower, a leader in physical water conditioning technology, announced it has secured $8.5 million in its latest round of financing to further accelerate North American market expansion of its patented technology. The round was co-led by NGEN Partners of Santa Barbara, CA, a leading venture capital company in the U.S., Cleantech investment sector, and by initial investor, XPV Capital, one of Canada’s foremost Cleantech investors.
EnviroTower offers a more effective and economical alternative to chemicals in cooling tower water treatment, which is currently a $3 billion market dominated by global specialty chemical companies.
