# Axine Water Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axine-water-technologies

- Industry: Power & Utilities
- Headquarters: Vancouver, Canada
- Website: www.axinewater.com
- Total disclosed funding: $13M
- Latest round: Series B (Sep 14, 2016)
- Investors on record: 4

## About

Axine Water Technologies Inc. specializes in advanced electrochemical oxidation technology for effective industrial wastewater treatment, focusing on the destruction of hazardous contaminants like PFAS and pharmaceuticals.Founded in 2010 in Vancouver, Canada, Axine Water Technologies Inc. develops innovative solutions for industrial wastewater treatment. The company raised USD 8.00 mn in Series B funding on September 14, 2016, led by Asahi Kasei Corporation, with participation from BDC Capital, Chrysalix, and The Roda Group. Mark Ralph serves as the CEO.Axine Water Technologies specializes in electrochemical oxidation technology for industrial wastewater treatment, primarily targeting the destruction of per and polyfluoroalkyl substances (PFAS), pharmaceuticals, solvents, and other persistent organic contaminants. Their flagship product, the electraCLEAR solution, is designed to provide a simple, safe, efficient, and cost-effective method for treating both long and short-chain PFAS and other difficult-to-treat organic contaminants in industrial wastewater. The company operates under a treatment-as-a-service (TAAS) model, which allows for on-site solutions that ensure compliance with current and future regulatory standards. Axine serves a diverse client base that includes industries such as automotive, manufacturing, pharmaceuticals, semiconductors, and landfills across various geographical markets, including North America and Europe.Axine Water Technologies generates revenue through a treatment-as-a-service (TAAS) model, which enables clients to utilize their electraCLEAR technology without the need for upfront capital expenditure. The transaction structure typically involves B2B agreements where clients enter into contracts for the treatment of their wastewater, ensuring compliance with environmental regulations while enhancing their operational efficiency. Pricing is generally based on service agreements tailored to the specific needs of the clients, including factors such as the volume of wastewater treated and the complexity of contaminants present. This model allows for flexible financial arrangements, enabling clients to manage their budgets effectively while accessing advanced wastewater treatment solutions. The partnership with Nijhuis Saur Industries further expands Axine's market reach and service capabilities in Europe, enhancing its revenue potential through collaborative projects.With the recent USD 8.00 mn raised in Series B financing, Axine Water Technologies plans to enhance its product offerings and expand its market presence. The company aims to introduce new technologies and refine the electraCLEAR solution to address a wider range of contaminants. Axine is also targeting expansion into emerging markets in Asia and Latin America by 2025, leveraging the funds to develop strategic partnerships and grow its service capabilities in these regions.

## Funding rounds

- Series B, Sep 14, 2016, $8M — BDC Capital, Chrysalix, The Roda Group, Asahi Kasei Corporation
- Series A, Feb 12, 2014, $5.1M — BDC Capital, Chrysalix, The Roda Group

## Investors

- BDC Capital (https://capitalatlas.ai/funds/bdc-capital) — Series A, Series B
- Chrysalix (https://capitalatlas.ai/funds/chrysalix) — Series A, Series B
- The Roda Group (https://capitalatlas.ai/funds/the-roda-group) — Series A, Series B
- Asahi Kasei Corporation — Series B