IW Capital has announced the completion of a successful investment in LAT Water Ltd.
Led by IW Capital, £4.7m has been raised in the round to accelerate LAT Water’s commercial growth in developing sustainable wastewater treatment solutions globally, following early success both in the UK and China.
The LAT™ technology process separates and recovers clean water from highly contaminated industrial water utilising waste heat. The system is highly scalable and can be installed for treating flows from one to over 1,000 cubic metres per day of effluent, delivering up to 60% cost savings for the operator and contributing to reductions in greenhouse gas emissions.
The process is capable of treating wastewater for a wide range of applications, including, notably, the treatment of wastewater from landfill sites. This helps both with the odour associated with such sites as well as reducing the costly and environmentally damaging need to transport the waste off-site for treatment.
Mark Hardiman, LAT Water CEO commented: “LAT Water are delighted to conclude this latest round of funding and partner with IW Capital. IW share our direction, motivation and ambition and we are excited to begin this partnership. This funding enables us to push forwards our targets of providing innovative, sustainable, low-cost solutions for wastewater treatment.”
Luke Davis, CEO of IW Capital, commented on the investment: “We are very excited to invest in this innovative water treatment company that is positioned to make a major positive impact in addressing the climate crisis. It is inspiring to see the steps the company is taking in addressing what is a growing problem for industries worldwide. We look forward to supporting LAT’s experienced management team and help deliver future growth.”