Updated: 12/27/2006; 11:16:53 PM.

Digital Development
Communications and info tech in developing countries, especially wireless broadband and high-value applications


daily link  Tuesday, December 26, 2006


WaterHealth International Closes Series C Funding:  "WaterHealth International, 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  permalink  

 
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Copyright 2006 © Ken Novak.
Last update: 12/27/2006; 11:16:53 PM.