# Aquafortus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aquafortus

- Industry: Environmental Services
- Headquarters: Auckland, New Zealand
- Website: www.aquafortus.com
- Total disclosed funding: $25M
- Latest round: Series A (Feb 23, 2023)
- Investors on record: 8

## About

Based in Auckland, New Zealand, and founded in 2016, Aquafortus Inc operates as a technology firm that offers zero liquid discharge technology to heavily polluting and water-intensive industries. The company was founded by Daryl Briggs (CEO) and Jessica Lam (COO). In September 2021, Aquafortus Inc raised USD 7.5 million in series A led by Data Collective, K1W1, and NZ Growth Capital Partners.

The company develops Zero Liquid Discharge technology that helps in the formation of salt crystals through a proprietary direct contact crystallization process using the company’s patent solutions. The ABX TM systems reduce high TDS brines to salts and produce clean water. The technology uses two cycles before the water runs through the membrane. In the first step, the concentrated brine goes to the absorbent cycle after the separation of crystallized salt, then it moves to the regenerate cycle, and then after passing through the membrane clean water is delivered. It can be used for various industries like cooling towers, mining, oil and gas, inland desalination, etc.

## Funding rounds

- Series A, Feb 23, 2023, $17M — Novo Holdings, DCVC, K1W1, Universal Materials Incubator, Intrepid Financial Partners, NZ Growth Capital Partners, Burnt Island Ventures, Envisioning Partners
- Series A, Sep 2, 2021, $7.5M — DCVC, K1W1, Universal Materials Incubator, NZ Growth Capital Partners

## Investors

- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A
- K1W1 — Series A
- Universal Materials Incubator (https://capitalatlas.ai/funds/universal-materials-incubator) — Series A
- NZ Growth Capital Partners (https://capitalatlas.ai/funds/nz-growth-capital-partners) — Series A
- Novo Holdings — Series A
- Intrepid Financial Partners — Series A
- Burnt Island Ventures (https://capitalatlas.ai/funds/burnt-island-ventures) — Series A
- Envisioning Partners (https://capitalatlas.ai/funds/envisioning-partners) — Series A