SurfCleaner raises €4.8 million to accelerate global expansion
SurfCleaner, the Swedish company behind the world’s first combined skimmer and separator for water treatment, has closed a private funding round and raised €4.8 million to accelerate its global expansion.
Water for more than six billion people is contaminated today. Only 20 percent of the world’s polluted drinking water is treated and the UN aims to increase that to 60 percent by 2030. The Swedish company SurfCleaner developed the world’s first hybrid skimmer separator. The groundbreaking new technology removes, separates and recovers oil, petrol, diesel, sludge, microplastics, debris and other pollutants from the water surface.
SurfCleaner raised €4.8 million in a private funding round in April 2021, which increased the company’s value to €24.5 million. The funds will be used for sales, marketing and further expansion, both in the Nordic Region and globally. SurfCleaner will also develop additional applications for both industrial and municipal wastewater treatment.
“We have strong support from current shareholders and a number of new investors who will add to our progress. It’s also extremely gratifying that all our employees have invested. The timing of our new products is perfect – now we can participate in the industry’s switch to carbon-neutral production, and help solve major environmental problems. The capital injection makes it possible for us to expand globally,” says Mikael Andersson, CEO of SurfCleaner.
Christina Lundbäck and her family, with approximately 35 percent of the shares, remain the largest shareholders. SurfCleaner plans for an IPO in two to five years.
“We are grateful to our current shareholders for their continued support, and are pleased to welcome the new investors. These well-renowned entrepreneurs have previously developed successful companies and strengthen our ownership structure. We’ll make the journey towards a more sustainable world with clean water in parallel with our journey to the stock exchange,” says Christina Lundbäck, Founder and Chairman of SurfCleaner.
For more information, refer to SurfCleaner press release.