HTGF in Akvola series-A

HTGF had already provided seed capital to Akvola in June 2014. Previous backers besides HTGF are private investors Bruno Steis, the ex-CEO of ultrafiltration technology business Inge, and Detlef Taprogge, managing director of tube cleaning technology business Taprogge. VNG Innovation, a natural gas company, and building contractor Bamac came on board as new investors.

The series-A will allow Akvola to further commercialise its product and the management team also plans to hire additional staff. The business claims the global industrial water treatment market is worth €20bn

Company
Founded in 2013 and based in Berlin, Akvola Technologies is a water technology company. It offers a proprietary flotation-filtration process to clean industrial wastewater containing high concentrations of oil and suspended solids. The product can be implemented in six industries: oil and gas, refining and petrochemicals, metalworking, steel, food and beverage, and pulp and paper.

People
HTGF - Ansgar Kirchheim (senior investment manager).
Akvola Technologies- Matan Beery (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• DACH
• Industrials
• Germany
• High-Tech Gründerfonds