Water purification and filtration technology producer Bluewater has invested $15m in FloWater, a US-based provider of sustainable water supply systems.
FloWater provides water distribution stations capable of holding up to seven gallons of water that has been taken from the tap and purified before minerals and electrolytes are added to the liquid.
The company has not revealed firm details of any earlier funding, but it participated in venture accelerator Blue Startups in 2013 and is also listed as a portfolio company by angel investor group Tech Coast Angels.
Livingstone Partners advised Bluewater on the deal. Rich Razgaitis, co-founder and chief executive of FloWater, said: “Bluewater’s leadership team have been global visionaries in pioneering new approaches in sustainability and enhancing people’s health and well-being.
“(Bluewater president) Anders Jacobson, and his leadership team brings deep expertise in product development and strategic planning, along with an extensive network of international relationships and resources.”
