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Dow Venture Capital invests in WaterHealth International
Lake Forest CA—WaterHealth International, Inc. (WHI) today announced that it has concluded the first close of its Series C round of funding, with a more than $7 million equity investment anchored by Dow Venture Capital. WHI expects the final close of its round of funding by year end, with an anticipated additional $3 to $5 million investment.
Since WHI's inception, more than 450 systems using WHI purification and disinfection technology have been installed in a number of countries around the world, including India, the Philippines, and Mexico. The latest round of funding enables the company to more rapidly increase its global presence and demonstrate the potential of its scalable business approach.
"We are delighted that Dow recognizes WaterHealth's potential to make a major and sustainable impact on a critical global health issue," said WHI CEO Dr. Tralance Addy. "This investment by Dow enables us to develop the capacity to move more rapidly to reach more people in areas that have been historically difficult to serve. We welcome the opportunity for strategic partnership with Dow in this area."
"The relationship between Dow and WaterHealth International brings value to both companies on a number of fronts," said Jim Plonka, Vice President of Venture Capital at Dow. "WHI is a company that offers practical and sustainable solutions to a very real human problem: 1.2 billion people with no ready access to safe drinking water. It is a company with tremendous opportunity for growth – in parts of the world where Dow is also looking to grow. And it is a company whose success story we can help to write, by leveraging the expertise of the Dow Water Solutions business to support WHI as it pursues new opportunities and new markets."
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 billions of 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.
Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of US$46 billion and employs 42,000 people worldwide. More information about Dow can be found at www.dow.com.
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