Organica Water Closes Series C Financing
Posted on July 21, 2015
Organica Water, a global provider of innovative solutions for the treatment and recycling of wastewater, today announced the completion of its $9.1 million Series C financing, with a second tranche to follow. This financing represents the largest private equity raise for the Company to date.
Over the past two decades Organica has developed a truly unique approach to biological wastewater treatment, enabling customers all over the world to address urban water challenges in a cost and resource efficient manner. Organica’s treatment facilities utilize a waste-processing biofilm on natural (plant) and/or engineered (patented biofiber media) root structures, all housed in a fully-enclosed, odorless, greenhouse facility. The result is a solution which offers a significantly reduced physical footprint and lower operational and infrastructure costs when compared to conventional wastewater treatment solutions, all in the form of a pleasant botanical garden like environment.
“This is a critical milestone in Organica’s journey to become the standard operating system for the municipal wastewater treatment plants in the 21st century,” said Ari Raivetz, Chief Executive Officer of Organica Water. “The investment provides the capital necessary to strengthen our balance sheet, better positioning us to deliver our unique wastewater solutions in larger and more complex projects. In addition, the capital will allow us to continue investing in our online platform, which enables rapid distribution of preliminary engineering designs of ORGANICA-powered wastewater facilities to a wide variety of industry stakeholders, as well as the integration of other wastewater technologies and equipment into those designs.”
The round was led by XPV Capital Corporation (XPV), a Toronto based growth equity fund focused on the water sector, and also included substantial participation from Paris-based Idinvest Partners (Idinvest), through its Electranova Fund. Idinvest is a European leader in private equity with a strong VC practice and specific expertise in the Chinese market. Two of Organica’s existing investors, International Finance Corporation (IFC) and Gamma Capital Partners (Gamma) also participated in the transaction.
“We are thrilled to add both XPV and Idinvest to our already strong and global team of investors” said Raivetz. “XPV’s vast experience and contact network in the water sector should add significant value and help accelerate our growth. In addition, Idinvest’s strong track record of bringing European businesses into China will be very helpful for us given our activities in that region.“
“We are pleased to support Organica, a leader in innovative municipal wastewater solutions,” commented Khalil Maalouf, a Managing Director of XPV Capital. “We have tracked the company and its CEO for a number of years and are impressed with the organization, customer base and channels they have built”.
As part of the financing Khalil Malouf, Managing Director of XPV and Julien Mialaret, Investment Director of Idinvest, will join Organica’s Board of Directors`
“Organica’s rapid adoption in China, India and South-East Asia is a strong signal that its small-footprint, attractive, and odor-free wastewater treatment systems are ideally suited to the needs of emerging and emerged economies where new stations often need to be built within cities,” said Julien Mialaret, Investment Director of Idinvest. “We are excited to support the team as it continues to lead the way in Asia with its novel approach and become the de facto solution for energy-efficient, “localized” wastewater treatment.”
XPV and Idinvest join Organica’s existing investors: IFC, Gamma Capital Partners, WLR China Energy Infrastructure Fund and RNK Capital LLC. Organica now has one of the strongest and most distinguished group of financial backers amongst private companies in the global water sector.
About Organica
Since its founding in 1998 as a Hungarian EPC Contractor, and its transformation to a global solutions provider via a Series A financing in late 2008, Organica has worked to bring its sustainable wastewater treatment solutions to cities and communities around the world. The company’s latest offering is the Organica Food Chain Reactor (FCR) solution, a type of Integrated Fixed-Film Activated Sludge (IFAS) system which utilizes a fixed-bed biofilm that grows on both natural (plant) and engineered (patented) biofiber media root structures, resulting in a significantly reduced physical footprint, zero “psychological” footprint, and lower operational and infrastructure costs when compared to other activated sludge-based wastewater treatment solutions. Each Organica FCR is housed in a fully-enclosed, odorless greenhouse facility with the appearance of a botanical garden, preserving the surrounding land value and allowing the wastewater treatment plant to be placed directly adjacent to the wastewater source, thereby greatly reducing infrastructure costs and enabling cost-efficient reuse of the treated effluent. With nearly two decades of experience and more than 50 operating references and 20 under construction on three continents, Organica offers proven economic and sustainable solutions for today’s wastewater management challenges. Organica has offices in Princeton, NJ (USA), Budapest (Hungary), New Delhi (India), Shanghai (China), and Jakarta (Indonesia).
For more information about Organica, please visit www.organicawater.com
About XPV
XPV Capital Corporation is one the world’s largest investment firms dedicated to making a difference in water. By combining water entrepreneurs with investment professionals, XPV considers itself a value added financial partner for both investors and companies aiming to capitalize on the sweeping transformation taking place in the global water industry. XPV uses its industry insight and focused approach to invest in rapidly growing water enterprises. They put their water and investment resources to work by helping portfolio companies expand their strategic networks and execute market-driven milestones. XPV invests at all stages of a company’s growth cycle and seeks potential investments throughout the global water community.
For more information about XPV, please visit www.xpvcapital.com
About Idinvest Partners and the Electranova Capital Fund
Electranova Capital works with entrepreneurs in new energy and environmental technologies and helps them accelerate the growth of their companies to reach markets worldwide. The fund was created in May 2012 through a partnership between Idinvest Partners, EDF Group –one of the world’s largest electric utility companies, Allianz – the financial and insurance group and BpiFrance – the French Sovereign Fund. Electranova Capital, which is independently managed by Idinvest Partners, leverages the business partnerships, technical collaboration and sales references provided by its corporate sponsors. Electranova invests in Europe, North America and North-East Asia.
Idinvest Partners, with assets under management of over €5,5 billion, is one of the most active investors in the European mid-market segment. Idinvest has supported over 150 high-tech companies with strong growth potential and has specific expertise in information technologies (internet/media, software, telecommunications), new energy and environmental technologies, and healthcare (biopharmaceuticals, diagnostics, medical instruments).
To know more, visit: www.electranovacapital.com and www.idinvest.com
Media Contact Information:
Organica Water
Jann Lau
Telephone +1 609 454 7588
jann.lau@organicawater.com
XPV Capital Corporation
Khalil Maalouf
Managing Director, XPV Capital Corporation
Telelephone +1 416 864 0475, ext. 302
khalil@xpvcapital.com
Electranova Capital / Idinvest Partners
Marie-Claire Martin
Telephone +33 1 58 18 56 69
Mobile +33 6 77 67 03 12
mcm@idinvest.com
