The company also received a $2m investment from privately-owned financial institution Smithfield Trust.
RedZone, which provides robotic sewer inspection technologies and data-analysis software, said it would use the money to expand its product range and geographic reach.
FourWinds’ Valerie Daoud Henderson will join the company’s board of directors as part of the deal.
She said, “Unfortunately the extent of technological innovation seen in other industries has bypassed our aging wastewater industry, which has for too long remained out of sight and therefore out of mind.
“With innovative robotic inspection technology and asset management services, RedZone fills this innovation gap, allowing wastewater managers to fully understand their system in the most cost-effective and efficient way.”
Waste Resources Fund targets investments in high growth opportunities in liquid and solid waste processing opportunities across industrial, urban and rural waste.
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