BASF Venture Capital and Total Energy Ventures were two of the leads for the US-based water desalination company's $40m fundraising, with $20m of debt also raised.
The corporate venturing units of Germany-based chemicals company BASF and France-based oil group Total on Monday helped US-based water desalination company NanoH2O raise $40m in equity, with $20.5m in debt facilities.
BASF Venture Capital and Total Energy Ventures were joined co-leading the round by venture firm Keytone Ventures.
The round was also backed by venture firms Khosla Ventures, Oak Investment Partners, as well as California-based pension fund CalPERS’ Clean Energy & Technology Fund, which is represented by fund managers Capital…
