Gradiant, a global end-to-end solutions provider of advanced water and wastewater treatment, has raised US$225m in its first close of Series D financing. The round was led by BoltRock Holdings and Centaurus Capital, bringing Gradiant’s total funding to date to over $400m and its valuation to $1bn.
Gradiant is said to be one of the fastest growing companies in the water industry achieving over 100% year-over-year (YOY) top-line growth for four consecutive years. The company will use the new financing to continue its expansion into strategic markets to make Gradiant the preferred water partner of the world’s essential industries. The funding will also support growth into new geographies, such as the Middle East and Europe, and further fuel its R&D programmes.
“As global manufacturing and supply chains continue to advance, they demand more water resources which are increasingly rare and finite,” said John Arnold, founder of Centaurus Capital. “We are excited to partner with a company that has proven the ability to support these demands in an economic and energy efficient manner.”
Gradiant designs, builds, and operates end-to-end water treatment solutions for the world’s important industries, including semiconductors, pharmaceuticals, F&B, lithium and critical minerals, and renewable energy. The company’s technologies and digital solutions reduce water usage, reclaim resources, and renew wastewater into freshwater for companies like Micron, TSMC, GSK, Pfizer, SLB, Rio Tinto, AB InBev, and Coca-Cola.
“This investment is a testament to Gradiant’s track record of inventing and commercialising water technologies to make a difference in the economic and environmental footprints of our industrial customers,” said Anurag Bajpayee, co-founder and CEO of Gradiant. “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.”
“The company is led by a proven management team with an understanding of water technologies and the operational needs of Fortune 100 customers,” said Craig Huff, founder and managing member of BoltRock Holdings.
Huff of BoltRock and Mark Danchak of General Innovation Capital will join the company’s board.