Oasys Water Inc Garners $10,000,000 Series A Financing
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=90778215-38a0-4a87-9efc-c2d2ef2e5211&Preview=1 -
Date
2/17/2009 -
Company Name
Oasys Water Inc -
Mailing Address
222 Third St. Cambridge, MA 02142 -
Company Description
Oasys (Osmotic Application Systems) is a Cambridge MA based company developing a suite of proprietary water treatment products to address the growing, global water crisis. The Company’s Engineered Osmosis (EOTM) process provides a novel treatment system that can produce clean, potable water at significantly lower cost than current desalination methods. -
Website
http://www.oasyswater.com -
Transaction Type
Venture Equity -
Transaction Amount
$10,000,000 -
Transaction Round
Series A -
Proceeds Purposes
Oasys plans to use the funds for the development of its commercial platform aimed at reducing the need for large amounts of costly electricity for producing clean drinking water from seawater and other non-potable water and wastewater sources. -
M&A Terms
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Venture Investor
Flagship Ventures -
Venture Investor
Advanced Technology Ventures -
Venture Investor
Draper Fisher Jurvetson
