This text comprises paid for content material produced in collaboration with Puraffinity.

Puraffinity, which develops precision expertise for the removing of PFAS ‘without end chemical substances’ throughout a number of water remedy purposes, has raised $13.9m in Sequence A funding. The spherical was led by Octopus Ventures, with participation from present traders Kindred Capital, HG Ventures, Verve Ventures and Acequia Capital.

Supplies science sector specialist fund Common Supplies Incubator Co (UMI) additionally joined the spherical.

This funding permits Puraffinity to scale up its operations and transition from being an R&D focussed organisation to being a full industrial entity. Puraffinity will spend money on manufacturing, speed up its industrial enterprise as nicely strengthen its R&D capabilities to develop new merchandise. Moreover, a devoted £700k was invested from a brand new Investor Partnership grant by Innovate UK referred to as Future Financial system targeted on Internet Zero aligned corporations.

The fundraise may also enable the corporate to develop its staff from 20 to greater than 40 and construct out its IP base with a quickly rising patent and trademark portfolio.

“We’re delighted to be working with Octopus Ventures,” mentioned Puraffinity CEO Henrik Hagemann. “I’ve been massively impressed with their deep tech experience and their give attention to individuals. There isn’t a time to waste in coping with the ‘without end chemical’ contaminants which have population-wide well being implications. This funding spherical is geared toward addressing the necessity to have a sustainable materials that tackles PFAS removing with improved effectivity to assist the destruction of PFAS.”

PFAS (Per-and polyfluoroalkylated substances) comprise of roughly 9000 completely different human-made compounds. For over 60 years PFAS had been used within the manufacturing of many merchandise which led to their widespread launch into the atmosphere.

The elemental properties of PFAS makes them extraordinarily proof against pure degradation and they’re also known as ‘without end chemical substances’. They’re exhausting to deal with and, in lots of circumstances, typical applied sciences can’t meet removing calls for.  Overwhelming proof has linked PFAS to extreme well being results, similar to a number of sorts of most cancers and compromised immune responses.

“The startling ranges of PFAS in water provides all over the world is making use of but extra strain to an already scarce useful resource,” mentioned Owen Metters from Octopus Ventures. “We imagine that motion must be taken to take away these without end chemical substances from the water cycle and that Puraffinity’s extremely scalable adsorbent materials is probably the most viable resolution to realize this in each industrial and home settings.”

“Puraffinity’s objective of offering one billion individuals with PFAS-free water by 2030 aligns intently to Octopus Ventures’ give attention to investing in corporations that are serving to to construct a sustainable planet. I’m excited to work intently with Henrik and the staff to ship this much-needed resolution to market.”

Yosuke Yamamoto, Accomplice, UMI commented. “Puraffinity’s expertise has the potential to grow to be the de facto customary for fixing the worldwide PFAS drawback. We’re assured that Henrik and his staff will make a historic affect on the industries affected and we sit up for working with them to realize such targets collectively.”

For additional info please go to www.puraffinity.com