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Article: United States: BPT Closes $12 Million in Series B Financing Led by U.S. Venture Partners and Pitango Venture Capital.
- Article from:
- TendersInfo
- Article date:
- September 4, 2009
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Byline: datta003
BPT, the emerging leader in chemically-stable membrane-based separation solutions for critical industrial processes announced today that it has completed its Series B financing, raising U.S. $12 million. U.S. Venture Partners (USVP) and Pitango Venture Capital led the round with participation from existing investors Aurum Ventures and Elron Electronic Industries. Funds will be used for expanding the manufacturing facilities, for continuing R&D and to further develop the sales and marketing infrastructure to meet increased worldwide demand.
In conjunction with this round Christopher J. Rust, USVP Partner and Jacques Benkoski, USVP ...