BCR Environmental Completes $10M Corporate Equity Raise
BCR Environmental, a Florida-based clean technology company offering solutions for sustainable wastewater and organic waste treatment, has raised $10 million in a first round of institutional financing.
Jacksonville, FL (PRWEB)
BCR Environmental, a Florida-based clean technology company offering solutions for sustainable wastewater and organic waste treatment, announced today that it has raised $10 million in a first round of institutional financing co-led by XPV Capital Corporation and True North Venture Partners.
"This is an important milestone in BCR's growth," said Aaron Zahn, BCR President and Chief Executive Officer. "This investment provides the resources to pursue our market expansion strategies and broaden our solutions."
BCR provides proprietary, low cost solutions to recycle organic waste streams, such as biosolids from a wastewater treatment plant, into odor free, high quality compost or soil amendments. The Company's patented technologies include its Neutralizer™, CleanB™ and CleanB-AC™ systems. These solutions are simple, modular systems that substantially reduce building footprints, capital requirements and operating costs as compared to traditional wastewater infrastructure.
"BCR's management team, vision and portfolio of solutions provide viable new options that directly address the immediate needs of the wastewater treatment industry while generating significant cost savings," said Khalil Maalouf, XPV Managing Director. "XPV is excited by the opportunity to help BCR expand its reach and deliver solutions to the entire market."
"Our mission at True North is to identify and invest in companies with innovative business models and solutions to pressing global needs. Sustainable organic waste treatment is one such need, and we see BCR's solutions and business model as the kind of disruptive innovations that can transform the state of the industry," said Mike Ahearn, True North Partner.
About XPV Capital Corporation
By combining proven water entrepreneurs with seasoned investment professionals, XPV is a true value added financial partner for both investors and companies aiming to capitalize on the sweeping transformation taking place in the global water industry. XPV invests at all stages of a company's growth cycle and seeks potential investments throughout the global water community.
For more information, please visit http://www.xpvcapital.com.
About True North Venture Partners
True North Venture Partners invests in and supports early stage businesses that have the potential to transform, expand and lead global industries in sectors such as energy, water, agriculture and waste. True North's goal is to identify exceptionally talented entrepreneurs with the vision, drive and business potential to significantly improve the world and help them realize their dreams by providing capital and expertise.
For more information, please visit http://www.truenorthvp.com.
About BCR Environmental
BCR Environmental is a Florida-based clean technology and infrastructure company focused on the wastewater treatment industry. BCR's patented, industry-revolutionizing organic waste treatment solutions reduce required infrastructure and produce nutrient-rich, restorative, beneficial end products. With multiple installations currently in operation, BCR's solutions have a demonstrated track record of significantly lowering capital and operating costs as compared to conventional treatment systems, reducing energy consumption and reducing the carbon footprint associated with wastewater treatment.
For more information, please visit http://www.bcrenvironmental.com.
SOURCE: PRWeb
View original release here: http://www.prweb.com/releases/2011/10/prweb8875094.htm