AquaMost raises $3 million plus receives a $1 million SBIR grant

AquaMost, a Madison company developing a new type of water purification technology, has received another $4 million in investment funds and grant money.

Led by Golden Angels Network of Milwaukee with participation by Inventure Capital and Wisconsin Investment Partners, both of Madison, investors have provided $3 million in second-round financing. AquaMost also has received a $1 million phase 2 Small Business Innovation Research grant from the National Institutes of Health.

AquaMost’s technology, called photoelectrocatalytic oxidation, was invented at UW-Madison.