|Updated: 12/27/2006; 11:16:53 PM.
Communications and info tech in developing countries, especially wireless broadband and high-value applications
Tuesday, December 26, 2006
WaterHealth International Closes Series C Funding:
, Inc. (WHI)
today announced the final close of its Series C funding for a total
equity investment of more than $11 million. SAIL Venture Partners,
L.P., anchored the latest investment of $4 million. Series A investor
Plebys International LLC, founded and led by WHI CEO Tralance Addy,
also invested in this round. The new investments are in addition to
the $7.25 million equity investment anchored by Dow Venture Capital
that WHI announced last month.
WHI has more than 450 installations of its water purification and
disinfection systems in developing countries around the world. This
additional funding further strengthens WHI and will allow for
accelerated growth in the company's target markets, primarily India and
South Asia, West Africa, the Philippines and Mexico." This is the product developed by Ashok Gadgil, which I've been following for a few years. Glad to see it get substantial backing. 12:25:16 AM
Copyright 2006 © Ken Novak.
Last update: 12/27/2006; 11:16:53 PM.