Kennington joins EIC Ventures in $5m series A round for wastewater technology business.
EIC Ventures, a venture capital fund run by David Dubé, the chief executive (CEO) of home and business maintenance provider Concorde Group, has led a $5m series A round for Pasteurization Technology Group (PTG), a wastewater treatment company.
Kennington Ltd, an investment firm, also participated in the round. Lance Tendler, Kennington’s CEO, will join the PTG board. EIC Ventures previously invested $1m into the company in February 2012.
PTG has developed wastewater disinfection technology that generates renewable energy, reducing the…
