3M, which runs its own water filtration business, is investing in water purification specialist HydroNovation through its corporate venturing division.
US-based water conditioning system developer HydroNovation secured $3.05m on Sunday in a series B round that included an investment by 3M New Ventures, the corporate venturing unit belonging to industrial and office supplies conglomerate 3M.
3M was joined in the round by venture capital fund Clean Pacific Ventures, which contributed as a follow-up investor. HydroNovation previously raised $380,000 in 2010 following its name change from AquaGenesis.
HydroNovation produces water treatment systems that reduce minerals and harmful substances in water…
