Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > NanoH2O Secures $15 Million Investment Round from Oak Investment Partners and Khosla Ventures

Abstract:
Financing allows for product commercialization and expanded research and development

NanoH2O Secures $15 Million Investment Round from Oak Investment Partners and Khosla Ventures

Los Angeles, CA | Posted on September 20th, 2008

NanoH2O, Inc., developer of next generation reverse osmosis membranes for desalination and water reuse, today announced that it has secured $15 million in funding from Oak Investment Partners and Khosla Ventures. The funding will be devoted to commercializing the company's Thin‐Film Nanocomposite (TFN) seawater reverse osmosis membrane product and expanding its research and development activities. In addition, Brian Hinman, Venture Partner at Oak Investment Partners, has joined NanoH2O's Board of Directors.

"NanoH2O is leveraging nanotechnology to pioneer better performing membranes for desalination and wastewater reuse that fit seamlessly into existing desalination facilities", said Jeff Green, Founder and Chief Executive Officer. "This round of funding allows us to quickly take our next generation technology to market and ultimately make desalinated water more affordable and readily available."

NanoH2O's TFN technology significantly decreases the required energy or increases the productivity of the desalination process. By improving membrane permeability, maintaining requisite salt and contaminant rejection, and increasing fouling resistance, NanoH2O is positioned to affect the key cost drivers for desalinating water ‐ energy consumption, capital expenditures and chemical consumption. Having demonstrated a 100% increase in membrane permeability beyond existing seawater reverse osmosis membranes coupled with enhanced fouling resistance, NanoH2O is poised to deliver a stepchange in desalination economics.

"Oak Investment Partners recognizes the value of making desalinated water cost effective," said Brian Hinman. "In surveying water‐related technology developments, NanoH2O is strongly positioned to make a significant and near‐term impact for existing desalination facilities and for making desalination an affordable source of water in many more locations around the world. We are excited to support its commercialization efforts."

####

About NanoH2O, Inc.
Founded in 2005 by proven entrepreneurs and backed by leading venture investors, NanoH2O leverages the benefits of nanotechnology to create advanced membrane materials for desalination and water reuse. With freshwater scarcity an increasingly worldwide issue, desalination is a vital treatment method to provide freshwater for industrial users and a growing world population from fresh, brackish and seawater sources. Despite recent advances, desalination remains an expensive source of freshwater because it is energy intensive. NanoH2O’s next generation energy‐efficient and fouling resistant membranes dramatically improve the baseline economics of desalination and water reuse.

About Oak Investment Partners
Oak Investment Partners is a multi‐stage venture capital firm with a total of $8.4 billion in committed capital. The primary investment focus is on high growth opportunities in clean energy, communications, information technology, internet new media, financial services information technology, healthcare services and consumer retail. Over a 29‐year history, Oak has achieved a strong track record as a stageindependent investor funding more than 435 companies at key points in their lifecycle. Oak has been involved in the formation of companies, funded spinouts of operating divisions and technology assets, and provided growth equity to mid‐ and late‐stage private businesses and to public companies through PIPE investments. Oak has helped innovators exploit new business opportunities and anticipate trends through long‐term relationships that endure the changing economic landscape. Our accomplishments can be best recognized through the success of our companies and the ability to deliver consistent performance over time.

About Khosla Ventures
Khosla Ventures offers venture assistance, strategic advice and capital to entrepreneurs. The firm helps entrepreneurs extend the potential of their ideas in both traditional venture areas like the Internet, computing, mobile, and silicon technology arenas but also supports breakthrough scientific work in clean technology areas such as bio‐refineries for energy and bioplastics, solar, batteries, engines, lighting, water, and other environmentally friendly technologies. Vinod Khosla was formerly a General Partner at Kleiner Perkins and founder of Sun Microsystems. Vinod has been labeled the #1 VC by Forbes and Fortune recently noted "there are venture capitalists, and there's Vinod Khosla." Vinod Khosla founded the firm in 2004 and was joined by partners David Weiden and Samir Kaul. Khosla Ventures is based in Menlo Park, California.

For more information, please click here

Contacts:
NanoH2O, Inc.
570 Westwood Plaza, Suite 6532
Building 114, MC 722710
Los Angeles, CA 90095-7277

Copyright © NanoH2O, Inc.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

SEMATECH to Showcase Innovation and Advances in Manufacturing at SEMICON Japan 2014: SEMATECH experts will share the latest techniques, emerging trends and best practices in advanced manufacturing strategies and methodologies November 26th, 2014

Australian startup creates world’s first 100% cotton hydrophobic T-Shirts November 26th, 2014

The mysterious 'action at a distance' between liquid containers November 26th, 2014

'Giant' charge density disturbances discovered in nanomaterials: Juelich researchers amplify Friedel oscillations in thin metallic films November 26th, 2014

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Eight19 secures £1m funding: Investment to develop production technology, and expand commercial activities for organic photovoltaics November 19th, 2014

Harris & Harris Group Reports Financial Statements as of September 30, 2014 November 11th, 2014

Harris & Harris Group to Host Conference Call on Third Quarter 2014 Financial Results on November 12, 2014 November 3rd, 2014

TARA Biosystems and Harris & Harris Group Form Company to Improve Safety and Efficacy of New Therapies October 22nd, 2014

Announcements

SEMATECH to Showcase Innovation and Advances in Manufacturing at SEMICON Japan 2014: SEMATECH experts will share the latest techniques, emerging trends and best practices in advanced manufacturing strategies and methodologies November 26th, 2014

Australian startup creates world’s first 100% cotton hydrophobic T-Shirts November 26th, 2014

The mysterious 'action at a distance' between liquid containers November 26th, 2014

'Giant' charge density disturbances discovered in nanomaterials: Juelich researchers amplify Friedel oscillations in thin metallic films November 26th, 2014

Water

Iranian Experts Clean Uranium-Contaminated Water by Nano-Particles November 23rd, 2014

Nano Sorbents Able to Remove Pollutions Caused by Oil Derivatives November 20th, 2014

Application of Nanocomposites in Production of Photocatalysts for Water Treatment November 17th, 2014

Newly-Developed Enzyme Catalyst Able to Remove Pollutants from Wastewater November 12th, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More












ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE