Israel's BPT raises US$12m in new round of financing

The funds raised will be used to expand BPT’s manufacturing facilities, for continuing R&D and to further develop the sales and marketing infrastructure to meet increased worldwide demand.

BPT is focused on developing and commercializing advanced membrane-based separation solutions for the water and wastewater treatment industries. BPT’s patented chemically-stable membrane technology help customers in the landfill, mining, chemical, biopharma and food industries to comply with environmental regulations, reuse water and reduce production costs.

“Together with our existing great investors, Aurum and Elron and our dedicated team, we are on a fast track to capture the market of next generation industrial waste water streams treatment brought about by water scarcity and increased environmental pressures,” said BPT CEO Nir Kinory.