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Osmoses Secures $11M to Decarbonize Projected $35B Industrial Gas Separation Market with Novel Membrane Technology

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Osmoses, Energy Capital Ventures

Osmoses, an industrial separations technology company that purifies gases, the world’s smallest molecules, today announced it has raised an oversubscribed $11 million seed round led by Energy Capital Ventures. Additional participating investors include Engine Ventures, Fine Structure Ventures, New Climate Ventures, Collaborative Fund, Little Green Bamboo, BlindSpot Ventures and several prominent angel investors, including Martin Madaus, the former CEO of Millipore Corporation. Osmoses will use the funding to develop commercial scale membrane modules for field deployment and establish pilot partnerships.

Osmoses has developed a patented novel membrane technology that purifies gas molecules with unprecedented flux and selectivity, meaning lower capital requirements and operating costs for customers, with a significantly smaller physical footprint than today’s traditional separation processes – all while reducing industrial energy consumption by up to 90%.

Read more at Business Wire