Orbital Systems, a Malmo, Sweden-based developer of water recycling technology, raised $19M in Series B funding.
Backers included Stena Ventures, Karl-Johan Persson, Nils Idoff, the af Jochnick family, and Niklas Zennstrom, Founder of Skype, who invested in his private capacity.
Led by Mehrdad Mahdjoubi, founder and CEO, Orbital Systems provides a shower which reuses the same batch of water over and over again to curb waste.
The Orbital System also offers a luxurious spa-like shower experience.
The technology, initially developed during a collaboration between the founder and CEO, Mehrdad Mahdjoubi, and NASA, has already helped saving 2.5 million gallons of water since launching commercially in 2015.
The company had previously raised some $12M in funding, bringing the total amount to date to $31M.
FinSMEs
13/04/2017