Microbial Solutions: Successfully Closes Funding Round
June 05, 2015
Investment will expand Microbial Solutions’ operations and build sales.
Microbial Solutions Limited, which uses microbes to dispose of industrial waste safely, has completed an investment round led by existing investors Oxford Capital Partners and Midven. The investment will enable Microbial Solutions to build its sales capability and expand its operations into Europe, North America and Asia.
Microbial Solutions’ has been proven in rigorous industrial trials and is being used to treat oily waste fluids at a major manufacturing plant in Wales, creating ‘grey water’ that can be safely disposed of in normal sewer systems.
Jeremy Warren, Chief Executive Officer, Microbial Solutions, said:
“After seven years of intensive scientific and industrial development, Professor Will Pope and his team have proven this technology through rigorous industrial trials. Exposure to real-world manufacturing, with daily changes in feed rate and in organic loading are critical in proving our bio processing. In this challenging environment our Microcycle™ technology has shown itself to be robust and extremely efficient. Having operated at scale, we have a platform to expand our commercial operations into Europe, North America and Asia.”
Ted Mott, Managing Partner, Oxford Capital, said:
“Microbial Solutions is poised for strong growth as regulatory constraints on the disposal of industrial waste are creating a growing market for its technology. This latest funding round will enable the company to move from the development stage into driving commercial sales. We are very excited about the prospects for the business.”