Omni Water Solutions won the Clean Energy Venture Summit last October.
Now the Austin startup, which makes a portable water purifying system, just landed $7.9 million in a first round financing deal led by Austin Ventures. Backers also included investors “connected to land, oil, and gas in the Eagle Ford Shale region of Texas,” according to Omni’s news release.
Omni plans to use proceeds from the financing to create water treatment units for oil and gas operations where water can be treated and re-used instead of discarded.
Founded in 2010, Omni has patent-pending technology that allows it to treat a high volume of contaminated water effectively with its portable systems at remote locations.
“Omni has an industry-leading approach, which has resulted in successful pilot tests with several marquee exploration and production operators,” Clark Jernigan, Venture Partner at Austin Ventures, said in a statement. “We believe that as domestic energy exploration continues to expand, Omni’s advanced technology will become increasingly important to companies that are looking for economical solutions to water conservation and re-use.”
Omni Water Solutions lands $7.9 million, plans to create clean water systems for oil and gas operations
February 28, 2012 by 1 Comment