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WaterHealth International Closes Series C Funding
Lake Forest CA --- 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.
"SAIL Venture Partners is a firm with strong interest in clean technologies, and they share our vision of using innovative approaches to address critical needs in underserved communities worldwide," said Addy. "Attracting SAIL as an investor is a major step forward for WHI as we seek to expand our presence and demonstrate the full potential of our scalable business approach."
"WaterHealth is exactly the kind of clean technology venture SAIL supports – one where a breakthrough technology makes it possible to reach crucial markets in an efficient manner," said Hank Habicht, managing partner of SAIL. "Our investors are drawn to creative solutions such as this that can make a real difference in addressing the world’s major problems." WaterHealth International, Inc. provides innovative business solutions to one of the world’s most desperate health crises, the lack of safe, clean and affordable water for the more than two billion people who have little or no access to it. WHI's award winning water purification and disinfection technology, combined with creative and unique business approaches, enable the delivery of highly affordable, clean water to even the most remote and underserved communities. WHI invests in health and hygiene education programs as part of its normal business practices to combat waterborne diseases in the communities it serves. WHI’s website is www.waterhealth.com.
SAIL Venture Partners, L.P. is a national venture capital firm with offices in Southern California and Washington, D.C., investing primarily in early-stage companies in the Energy/Cleantech sector. SAIL Ventures website is www.sailvc.com.
Plebys International LLC is an enterprise development and management company with a focus on technology-based businesses targeting underserved markets worldwide. Plebys' website is www.plebys.com.
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