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Gradiant, a global end-to-end solutions provider of advanced water and wastewater treatment, has announced that it has raised $225 million in its first close of Series D financing.
This round was led by BoltRock Holdings and Centaurus Capital, thus bringing Gradiant’s total funding to date to over $400 million and its valuation to $1 billion.
Gradiant, a global leader in the water sector headquartered in Boston, said it will be using this new financing to continue its expansion into strategic markets to make the group the preferred water partner of world’s essential industries.
The funding will also support growth into new geographies, such as the Middle East and Europe, and further fuel Gradiant’s research and development (R&D) programmes.
Gradiant designs, builds, and operates end-to-end water treatment solutions for the world’s most important industries, including semiconductors, pharmaceuticals, food & beverage, lithium and critical minerals, and renewable energy.
Its proprietary technologies and integrated digital solutions help reduce water usage, reclaim valuable resources, and renew wastewater into freshwater for some of the world’s largest companies, including Micron, TSMC, GSK, Pfizer, SLB, Rio Tinto, AB InBev, and Coca-Cola.
Gradiant is one of the fastest-growing companies in the water industry achieving over 100% year-on-year top-line growth for four consecutive years, said its top official.
"This investment is a testament to our proven track record of rapidly inventing and commercializing water technologies to make a real difference in the economic and environmental footprints of our industrial customers," remarked its Co-Founder and CEO Anurag Bajpayee.
"BoltRock and Centaurus share our vision and bring smart, long-term capital that will help Gradiant grow into the world’s most impactful water company," he stated.
On the new funding, John Arnold, the Founder of Centaurus Capital, said: "As global manufacturing and supply chains continue to advance, they demand more and more water resources which are increasingly rare and finite."
"We are excited to partner with a company that has truly proven the ability to support these demands in an economic and energy efficient manner," he added.
Craig Huff, Founder and Managing Member of BoltRock Holdings, said: "Gradiant is led by a strong proven management team with a deep understanding of water technologies and the operational needs of Fortune 100 customers. Hence we are thrilled to join the group as it tackles the crucial water challenges of our time."
As part of the deal, both Huff of BoltRock and Mark Danchak of General Innovation Capital will join the company’s board.-TradeArabia News Service