EnviroMix, a startup backed by SCRA, has entered right into a partnership that provides a worldwide investor controlling curiosity within the wastewater expertise firm, SCRA stated in a information launch.
GEF Capital Partners, which invests in firms selling useful resource effectivity and sustainability, has acquired EnviroMix, a Charleston firm primarily based in The Cigar Manufacturing unit that designs and manufactures course of management expertise and patented mixing methods for the water and wastewater industries.
EnviroMix acquired monetary backing in 2011 and 2012 from SC Launch Inc., SCRA’s funding affiliate that gives loans, mentoring and help to early stage startups in South Carolina.
“From the start, they had been dedicated to accelerating the launch of our expertise that supported their initiatives for our state, together with innovation and job progress,” EnviroMix CEO Ted Jenkins stated. “They later helped us scale with progress capital, which is important for any rising enterprise.”
SCRA Govt Director Bob Quinn stated EnviroMix’s development by the SC Launch program is an instance for all startups, particularly now that the corporate is receiving backing from a worldwide funding agency.
“The steering, mentoring, networking alternatives and funding we offer are designed to maneuver startups from infancy to being extremely investible, and EnviroMix has confirmed, as soon as once more, the effectiveness of our method,” Quinn stated.
Derek Willis, funding supervisor at SCRA, stated, “With the EnviroMix expertise, Ted and his group have persistently demonstrated the flexibility to cut back energy consumption for wastewater therapy amenities. We’ve got had the chance to work with EnviroMix from prototype improvement to manufacturing and see the worth the corporate has created for his or her prospects.”