Gradiant, a global end-to-end solutions provider of advanced water and wastewater treatment, has raised $225 million in its first close of Series D financing. The round was led by BoltRock Holdings and Centaurus Capital, bringing Gradiant’s total funding to date to over $400 million and its valuation to $1 billion. Gradiant is one of the fastest-growing companies in the water industry achieving over 100% YOY top-line growth for four consecutive years.
What does the funding mean for Gradiant?
The firm will use the financing to further expansion into strategic markets to make Gradiant the preferred water partner of essential industries. The funding will also support growth into new geographies, like the Middle East and Europe, and further fuel its R&D programs. Craig Huff of BoltRock and Mark Danchak of General Innovation Capital will join the firm’s board.
Gradiant designs, builds, and operates end-to-end water treatment solutions for the most crucial industries, like semiconductors, pharmaceuticals, food & beverage, lithium and critical minerals, and renewable energy. Its tech and integrated digital solutions reduce water usage, reclaim valuable resources, and renew wastewater into freshwater for some of the largest companies, including Micron, TSMC, GSK, Pfizer, SLB, Rio Tinto, AB InBev, and Coca-Cola.
“This investment is a testament to Gradiant’s proven track record of rapidly inventing and commercializing water technologies to make a real difference in the economic and environmental footprints of our industrial customers. BoltRock and Centaurus share our vision and bring smart, long-term capital that will help Gradiant grow into the world’s most impactful water company,” commented Anurag Bajpayee, Co-Founder and CEO of Gradiant.
What are the investors’ thoughts on Gradiant?
“As global manufacturing and supply chains continue to advance, they demand more and more water resources which are increasingly rare and finite. We are excited to partner with a company that has truly proven the ability to support these demands in an economic and energy efficient manner,” commented John Arnold, Founder of Centaurus Capital.
Commenting on Gradiant’s tech, Craig Huff, Founder and Managing Member of BoltRock Holdings, said, “The company is led by a strong proven management team with a deep understanding of water technologies and the operational needs of Fortune 100 customers. We are thrilled to join Gradiant as it tackles the crucial water challenges of our time.”