PureTerra Ventures is proud to announce it led a $2 million Series B round in Cerahelix, out of Maine, USA, completing the transaction March 13th 2018. Secondary investors were Maine Venture Fund and Propel(x), a syndicate of Silicon Valley angel investors.
PureTerra Ventures is excited to be partnering with Cerahelix and their incredible team. The Series B funding will allow the company to significantly expand sales and marketing efforts, scale up manufacturing, develop new product features, and support current operations.
Cerahelix launched its first commercial picofiltration product in 2016, the PicoHelix, a ceramic membrane filter that achieves purity levels at least 10 times higher than commercially available ceramic filters, the company said in a news release.
“Now that we have proven our technology, we are excited to have a strong partner such as PureTerra Ventures supporting our expansion goals. PureTerra brings more than just money to the table. They will be able to contribute to our future commercial success by introducing us to the fast growing Asian water market through their well-established network,” said Susan MacKay, founder and CEO. “The water industry is ready to embrace new technology; this is the right time for us to scale up our Picofiltration technology and expand our reach.”
Cerahelix was founded in 2011 to develop energy saving filtration products using DNA biotechnology combined with ceramic materials. The combination of high purity and durability in a single filter product makes Cerahelix’ PicoHelix filter applicable across multiple industries with wide-ranging applications including industrial water-reuse, organic solvent separations, and concentration of bio-based chemicals and pharmaceuticals.
