Sponsored Links

WaterHealth International Announces First Close of Series D Funding

* Reuters is not responsible for the content in this press release.

Tue Jan 13, 2009 4:30pm EST

IRVINE, Calif., Jan. 13 /PRNewswire/ -- WaterHealth International, Inc. (WHI)
today announced the first close of its Series D funding for a total equity
investment of more than $10 million.  Two of WHI's current investors, Dow
Venture Capital (Dow) and SAIL Venture Partners (SAIL) are leading the Series
D financing.  WHI expects the final close by March 2009, bringing the
anticipated total of Series D equity investment to approximately $20 million. 
 

"We are pleased by the confidence exhibited in WaterHealth by our current
investors," said Dr. Tralance Addy, Chairman and CEO, WaterHealth
International. "As we move to rapidly expand the number of communities we
serve and achieve unprecedented scale, access to capital is critical to our
continuing success."  

WHI has more than 600 installations of its water purification and disinfection
systems in developing countries around the world.  This additional funding
further strengthens WHI and will allow for accelerated growth.

"Dow is committed to supporting efforts being undertaken to supply clean, safe
water to people in need. We will develop innovative technologies and business
models that lower the cost of water purification and set new levels for
efficient water use," said Dave Kepler, Chief Sustainability Officer, The Dow
Chemical Company. "We believe that investments in companies such as
WaterHealth help us achieve this goal."

"WaterHealth embodies the combination of technology and execution that we see
in the most exciting clean technology business models. By achieving scale, WHI
can have a tremendous impact on the world's clean water crisis," said Hank
Habicht, managing partner of SAIL.

About WaterHealth

WaterHealth International, Inc. provides innovative business solutions to one
of the world's most desperate health crises, the lack of safe, clean and
affordable water for the more than two billion people who have little or no
access to it.  WHI's award winning water purification and disinfection
technology, combined with creative and unique business approaches, enable the
delivery of highly affordable, clean water to even the most remote and
underserved communities.  WHI invests in health and hygiene education programs
as part of its normal business practices to combat waterborne diseases in the
communities it serves.  WHI's website is www.waterhealth.com.

About Dow

With annual sales of $54 billion and 46,000 employees worldwide, Dow is
a diversified chemical company that combines the power of science and
technology with the " Human Element " to constantly improve what is essential
to human progress. The Company delivers a broad range of products and services
to customers in around 160 countries, connecting chemistry and innovation with
the principles of sustainability to help provide everything from fresh water,
food and pharmaceuticals to paints, packaging and personal care products.
References to "Dow" or the "Company" mean The Dow Chemical Company and its
consolidated subsidiaries unless otherwise expressly noted.

About SAIL

SAIL Venture Partners, L.P. is a national venture capital firm with offices in
Southern California and Washington, D.C., investing in early-stage companies
primarily in the Energy/Cleantech sector.  The SAIL partners invest through
two primary funds, which focus on clean technologies in the areas of
alternative energy, water, agriculture and materials.  SAIL Venture's website
is www.sailvc.com.



SOURCE  WaterHealth International, Inc.

Kelly Kimberly, +1-713-328-5151, mobile, +1-713-822-7538, for WaterHealth; or
Kristal Docter of SAIL Venture Partners, +1-714-241-7500
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.