HaloSource Inc., a Bothell, Wash.-based antimicrobial technology company focusing on safe water and infection control, has raised $11.5 million in new VC funding. Origo Sino-India and Origo Resource Partners co-led the round, and was joined by return backer Unilever Venture Partners. The company did not say if existing shareholders Alexander Hutton Venture Partners, Britannia Holdings or WRF Capital also participated.
HaloSource, the clean water and antimicrobial technology company, has raised $11.5 million from new and existing investors in a further round of growth financing, to support the continued commercialization of its HaloPure drinking water purification business.
The financing has been raised from two new investors, Origo Sino-India PLC (OSI.L) and Origo Resource Partners Limited (ORP.L) and from existing investors including Unilever Technology Ventures, a fund managed by Physic Ventures.
This round of funding follows a $15 million investment in the company in July 2007 from the Masdar Clean Tech Fund, the
Origo Sino-India PLC is an AIM listed private equity investment and advisory company focused on core economic growth opportunities in
The HaloPure business was launched in
HaloSource has also established partnership arrangements with Chanitex, a leading Chinese water treatment company and, in
Harnessing similar technology, the company has developed HaloShield antimicrobial treatments and in partnership with Clorox, the leading bleach brand in the
John Kaestle, President and Chief Executive Officer of HaloSource, said: “We are excited to add a firm as well respected as Origo to our already deep base of investors. Origo operates in the markets we target and understands the significant impact HaloPure will have on the growing problem of access to safe drinking water and the opportunities that this offers. The water purification market is worth around $18 billion annually and with the rapid development of economies such as
“There remain great opportunities for us to provide primary water disinfecting technology in the BRIC markets and countries with less developed infrastructure in addition to providing a complementary solution to current water purification approaches in the first world.
“We have a technology which is simple, effective, offers good value and is well received by consumers. We are already in business in
Chris Rynning, Chief Executive Officer of Origo Sino-India PLC said: “Our investment in HaloSource underlines our focus on working with fast-growing companies and we look forward to working with the highly experienced management team that HaloSource has assembled to capture the significant growth opportunities available.“