# Compact Membrane Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/compact-membrane-systems

- Industry: Environmental Services
- Headquarters: Newport, US
- Website: www.compactmembrane.com
- Total disclosed funding: $17M
- Latest round: Series A (Aug 2, 2023)
- Investors on record: 5

## About

Based in Delaware, US, and established in 1993, Compact Membrane Systems, Inc. provides fluoropolymer-based technology that separates olefins from paraffin to reduce greenhouse gas emissions. As of 2023, the company is headed by its CEO Erica Nemser. In April 2023, the firm raised USD 12.50 million in Series A funding led by investor Pangaea Ventures, with participation from investors Chevron Technology Ventures, GC Ventures, Solvay Ventures, and Technip Energies.

The company offers membrane solutions that absorb and lower greenhouse gas emissions, prevent global warming, and turn the sector into an operation that is long-term viable. Fluoropolymer-based technology from the business is used for challenging chemical separations like olefin and paraffin separation, dissolved gas detection, dehydration, and solvent recovery.

The company plans to use the April 2023 funding to develop its olefins and carbon capture solutions.

## Funding rounds

- Series A, Aug 2, 2023, $4M — Pangaea Ventures, Chevron Technology Ventures, Technip Energies, Solvay Ventures, GC Ventures
- Series A, Apr 17, 2023, $13M — Pangaea Ventures, Chevron Technology Ventures, Technip Energies, Solvay Ventures, GC Ventures

## Investors

- Pangaea Ventures (https://capitalatlas.ai/funds/pangaea-ventures) — Series A
- Chevron Technology Ventures (https://capitalatlas.ai/funds/chevron-technology-ventures) — Series A
- Technip Energies — Series A
- Solvay Ventures — Series A
- GC Ventures — Series A