Thursday, January 26, 2012

HydroNovation Gets Series B

San Francisco-based HydroNovation, which develops water purification and conditioning systems aimed at both the residential and food service markets, has scored an investment from 3M New ventures. 3M New Ventures announced the deal on Thursday, but did not disclose any financing terms. Clean Pacific Ventures also participated in the funding. HydroNovation said it uses electro-deionization to treat water, eliminating the need for chemical additives and salt which are typically used in water softeners. A recent regulatory filing indicates that the round was worth $3.25M. More information »