Mitte, a Berlin, Germany – based smart home water system, secured USD 10.6m in financing.
The round was led by Danone Manifesto Ventures, the New York-based venture arm of Danone, VisVires New Protein Capital, and Kärcher New Venture.
The company intends to use the funds to expand in the U.S., where it ran a crowdfunding campaign in 2017 that was overfunded by 360%.
Led by Moritz Waldstein, founder and CEO, Mitte provides an alternative to bottled water through its smart home water system that purifies and enhances
water through a process inspired by the natural water cycle. The company works by purifying water with a proprietary distillation-based method, and enhancing the water with essential minerals.
Mitte’s mineral cartridges are designed to replicate the mineralization process of natural and pure water flows, while giving consumers the option to choose a tailored hydration experience. Mitte allows users to personalize their daily drinking water with different mineral cartridges containing varying levels of
natural minerals.
FinSMEs
29/08/2018