Clermont l'Hérault, 10 september 2024 - Chemdoc Water Technologies, a player committed to the ecological transition through its innovative water purification and recycling solutions, today announced the closing of a €4.5 million financing round led by Blue Forward FundTM managed by Seventure Partners in collaboration with EDF Pulse Ventures.
This new funding will enable Chemdoc, a company with a mission, to accelerate the deployment of its water treatment technologies, which are resolutely focused on sustainable development and adaptation to climate change. In particular, the company will focus on improving its water purification systems (demineralisation, emerging micro-pollutants, etc.) and recycling water in industry, buildings and local authorities, thereby helping to reduce their ecological footprint.
This fundraising marks a crucial step for Chemdoc. Thanks to the support of the Blue Forward FundTM managed by Seventure Partners and EDF Pulse Ventures, we will be able to step up our efforts to meet the climate and environmental challenges facing our planet. Following the success of our innovative process development phase and the conclusion of pioneering water recycling references in all emerging sectors (grey water, agri-food reuse, industrial reuse, urban reuse, irrigation, hydrogen production, non-conventional water potabilisation, PFAS and emerging pollutants), we are accelerating our development to match our ambitions and market expectations. Our water purification and reuse solutions are needed more than ever to ensure sustainable management of water resources and provide a viable response to new industries such as green hydrogen production and data centres. We plan to create around a hundred jobs and reduce water withdrawals from the natural environment by 50 million m³/year within the next 5 years.”
We are delighted to support Chemdoc Water Technologies in its development of water purification and recycling solutions. We strongly believe in the company's potential to transform the way water resources are managed, particularly in a context of climate change and increasing pressure. The solutions proposed by Chemdoc Water Technologies are win-win for the planet and industry. This investment was a logical decision for Seventure and aligned with our values and objectives to support impactful initiatives in the water sector.
Water is a scarce resource that is essential to electricity generation. The expertise of Chemdoc Water Technologies will enable the EDF Group to strengthen its commitment to protecting this natural resource by offering solutions that will both reduce the water consumption of its own electricity generation facilities and help its industrial and local authority customers to reduce their water consumption.
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