BPT Secures Series B Financing

BPT, a provider of chemically-stable membrane-based separation solutions for critical industrial processes, announced that it has completed its Series B financing, raising U.S. $12 million.

U.S. Venture Partners (USVP) and Pitango Venture Capital led the round with participation from existing investors Aurum Ventures and Elron Electronic Industries. Funds will be used for expanding the manufacturing facilities, for continuing R&D and to further develop the sales and marketing. In conjunction with this round Christopher J. Rust, USVP Partner and Jacques Benkoski, USVP Venture Partner will represent USVP on the BPT Board and Ittai Harel, Pitango Partner, will represent Pitango Venture Capital.

"USVP and Pitango have deep experience in building great companies; we are proud to have them as lead investors, and to have their partners join our board," said BPT's CEO, Nir Kinory. "Together with our existing great investors, Aurum and Elron and our dedicated team, we are on a fast track to capture the market of next generation industrial waste water streams treatment brought about by water scarcity and increased environmental pressures."

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