# Gross-Wen Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gross-wen-technologies

- Industry: Power & Utilities
- Headquarters: US
- Website: www.algae.com
- Total disclosed funding: $6.5M
- Latest round: Series A (Aug 21, 2021)
- Investors on record: 8

## About

Based in Iowa, US, Gross-Wen Technologies Inc. was founded in 2014 by co-founders Martin Gross and Zhiyou Wen. The company's technology was developed at Iowa State University. In June 2018, Gross-Wen Technologies raised its first funding for USD 2 million. In February 2021, received a USD 2 million Grant funding for New Algae Partner Project. In August 2021, Gross-Wen raised USD 6.5 million in Series A funding.

The company's technology is a rotating algal biofilm treatment system that eliminates nitrogen, phosphorus, and other pollutants from municipal and industrial wastewaters, allowing clients to benefit from a cost-effective, environmentally beneficial, and carbon-negative solution.

The company will use the funding in August 2021 to accelerate growth in Iowa, expand operations and its business reach.

## Funding rounds

- Series A, Aug 21, 2021, $6.5M — Mid-America Angels, Next Level Ventures, Ag Startup Engine, ISA Ventures, Rural Vitality Fund, Ankeny Angels, Oman Ventures, 1330 Investments

## Investors

- Mid-America Angels — Series A
- Next Level Ventures (https://capitalatlas.ai/funds/next-level-ventures) — Series A
- Ag Startup Engine (https://capitalatlas.ai/funds/ag-startup-engine) — Series A
- ISA Ventures (https://capitalatlas.ai/funds/isa-ventures) — Series A
- Rural Vitality Fund — Series A
- Ankeny Angels — Series A
- Oman Ventures — Series A
- 1330 Investments — Series A