Clean water group Ostara Nutrient Recovery Technologies has closed a $14.5m venture round to launch a major expansion.
According company president and CEO Phillip Abrary, Ostara will now look to expand the application of its proprietary nutrient recovery technology into industrial markets.
The funding was led by VantagePoint Capital Partners, and included existing Ostara investor London-based Frog Capital and a group of new investors including Waste Resources Fund LP, a fund managed by FourWinds Capital Management.
Stephan Dolezalek, managing director at VantagePoint, said, “To date, Ostara’s creative public/private partnerships have made significant progress in the successful recovery of phosphorus and other nutrients from municipal wastewater streams.
“Now the company will be able to tackle substantial opportunities within the broader industrial arena.”
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