The Lucerne-based cleantech startup Bluetector addresses the steadily growing water market with an extremely competitive and innovative technology that is capable of cleaning various types of highly polluted wastewaters. Thanks to the funds raised, Bluetector will commence production of its BlueBoxes for first clients, including TOI TOI & DIXI.
Bluetector recently secured CHF 1.76 million in funding. The lead investor in this round, Luzerner Kantonalbank (LuKB), was joined by Zürcher Kantonalbank (ZKB), StartAngels investors as well as members from the investiere community. investiere-investors contributed CHF 480’000 to this round.
Bluetector was founded in 2012 by David Din, a highly experienced serial-entrepreneur who previously built and ran a successful VC-backed waste water treatment company. Bluetector has developed an IP-protected treatment system for heavily polluted wastewater. With Bluetector's technology, customers from a broad array of industries can save up to 75% of their water treatment costs. The world leader in rental toilet cabins TOI TOI & DIXI is already a satisfied client and Bluetector has secured revenues of almost CHF 1 million over the next years.
Apart from raising funds to grow the business and secure first key clients, Bluetector was also awarded the prestigious CTI Start Up Label. Furthermore, the young Lucerne-based company ranked 27th at the 2014 Top 100 Swiss Startup Award and was named one of the top 5 Swiss cleantech startups. In 2013, Bluetector was recognized as one of the top 20 most viable companies in the water industry by the readers of Global Water Intelligence, a leading source of high-value business information for the water industry.
With the funds raised, Bluetector will be able to complete pre-ordered containers (BlueBoxes) and hit the ground running in 2015. In addition, David Din is already in contact with key strategic institutional investors who are interested to participate in a follow-on round. Furthermore, an investor from investiere’s network is helping Bluetector access a highly lucrative emerging market.
“Working with investiere has been a great experience,” explains David Din. “I received excellent support from the investiere team, especially with regard to the structuring of the financing round and the preparation of the final contracts. Furthermore, we were able to secure investments from highly relevant individuals from investiere’s diverse pool of smart money investors. investiere also activated its external network and introduced us directly to a broad range of additional investors from outside the platform.”
The press release is available below (English, German and French)
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