A Danish-American private investment firm based in Texas, but with a recently opened office at the Global Water Center in Milwaukee, is raising $50 million for an investment fund dedicated to early-stage water technology and agribusiness companies.
Cimbria Capital in March opened a satellite office inside the 98,000-square-foot Global Water Center at 247 W. Freshwater Way, where more than 45 tenant organizations work in water-centric research and innovations. The company said it opened an office in Milwaukee for investment opportunities in Wisconsin’s water business.
Between eight and 10 investment deals, ranging between $5 million and $10 million, will be made through the fund, said Brian Iversen, founder and managing partner of Cimbria Capital. Iversen works from the company’s headquarters in Houston. Noah Sabich, managing director of Cimbria Capital, works out of the Global Water Center in Milwaukee. Read the full story here.