Dow Venture Capital, the in-house investment division of the US chemicals company, has invested $3m as part of a second round of funding for Clean Filtration Technologies.
The California-based developer of water treatment technology raised $3.5m in its series B round.
Dianne J. Mccord Maughon, new business development director for Dow Water & Process Solutions, and Christopher Jones, investment manager in Dow Venture Capital, will serve on Clean Filtration’s board.