Germany-based water purification system developer Mitte raised $10.6m in funding on Wednesday led by Danone Manifesto Ventures, the corporate venturing arm of food producer Danone.
Kärcher New Venture, the investment subsidiary of cleaning technology company Kärcher, and VisVires New Protein Capital also took part in the funding round.
Founded in 2016, Mitte has developed a water purification system that distils tap water and adds a range of minerals. Users can choose how many minerals they want to add to the water by selecting from a variety of cartridges.
Mitte will put the money towards its expansion efforts, including plans to enter the US.
Jean-Francois Hurel, head of investment of Danone Manifesto Ventures, said: “We believe that Mitte has significant potential and represents a strong strategic fit for Danone Manifesto Ventures, advancing our goal of promoting health through hydration.
“We look forward to supporting Mitte’s ambition to provide consumers with the opportunity to choose their preferred mineralisation levels and taste profile.”
– Image courtesy of Mitte