Desalitech’s current investors, Liberation Capital and AquAgro Fund, also participated in the financing round.
The new funding will allow Desalitech to accelerate its growth and strengthen its position as a supplier of high-efficiency water purification solutions.
“To gain participation from all previous investors in this third, oversubscribed funding round is a great vote of confidence in Desalitech and our future,” said Desalitech CEO Nadav Efraty. “Producing new water resources and improving the efficiency of water and wastewater treatment operations meets some of today’s biggest challenges. The world is changing, and we are proud to lead the way.”
Spring Creek Investment Management is a Philadelphia-based family office with a range of investments including clean water technology.