Variolytics, a wastewater sensor technology company, has successfully closed a growth financing round led by Nordic Alpha Partners (NAP) with investments from European Innovation Council (EIC), High-Tech Gründerfonds (HTGF), and Fraunhofer Technology Transfer Fonds (FTTF). Founded in 2020, Variolytics aims to reduce greenhouse gas emissions in the wastewater sector, which accounts for a significant portion of global CO2 emissions.
The company’s advanced sensor technology and AI provide real-time measurements of nitrous oxide (N2O) levels in wastewater treatment plants, helping operators adjust processes to prevent harmful emissions. Variolytics’ EmiCo solution offers accurate and cost-effective monitoring, ensuring regulatory compliance and reducing emissions by up to 50% and energy consumption by up to 20% within a year of installation.
NAP has been working closely with Variolytics to develop a commercial strategy, test international market potential, and co-create a new product strategy to drive growth. The investment from NAP, alongside existing investors, will support Variolytics in scaling its technology and software platform.
The successful financing round aligns with EIC’s goal of supporting innovative technologies in Europe, particularly in the energy and green sectors. Variolytics’ partnership with NAP and other investors highlights the company’s potential to make a significant impact on emissions reduction in the water technology space. The transaction is expected to be completed in Q1 2025, pending regulatory approvals.
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