The funding brings Gradiant’s valuation to USD 1 billion and Craig Huff of BoltRock and Mark Danchak of General Innovation Capital will join the company’s board.
WD News: Gradiant has announced that it has raised USD 225 million in its first close of Series D financing. The round was led by BoltRock Holdings and Centaurus Capital, bringing Gradiant’s total funding to date to over USD 400 million and its valuation to USD 1 billion.
As per company officials, it will use the new financing to continue its expansion into strategic markets to make Gradiant the preferred water partner of the world’s essential industries. The funding will also support growth into new geographies, such as the Middle East and Europe, and further fuel its R&D programs.
“As global manufacturing and supply chains continue to advance, they demand more and more water resources which are increasingly rare and finite,” said John Arnold, Founder of Centaurus Capital.”
Gradiant designs, builds, and operates end-to-end water treatment solutions for industries, including semiconductors, pharmaceuticals, food & beverage, lithium and critical minerals, and renewable energy.
“This investment is a testament to our track record of rapidly inventing and commercialising water technologies to make a real difference in the economic and environmental footprints of industrial customers,” said Anurag Bajpayee, Co-Founder and CEO of Gradiant.
“The company has a deep understanding of water technologies and the operational needs of Fortune 100 customers,” said Craig Huff, Founder and Managing Member of BoltRock Holdings.
Source & image courtesy: Gradiant