Gross-Wen Technologies is a biotechnology startup established in 2014 in the United States, with a primary focus on the utilization of its patented wastewater treatment technology, known as the revolving algal biofilm system (RAB). This innovative system efficiently recovers essential nutrients such as nitrogen and phosphorus from wastewater, setting it apart from conventional treatment methods. The company's approach not only promotes cost-effectiveness but also generates algae biomass, which can be commercially utilized as a slow-release algal fertilizer or bioplastic. The recent $6.50M Series A funding received on 20 August 2021 has been pivotal for Gross-Wen Technologies. The investment was made by a consortium of influential entities including Mid-America Angels, Iowa Farm Bureau’s Rural Vitality Fund, Next Level Ventures, ISA Ventures, Ankeny Angels, 1330 Investments, Oman Ventures, and Ag Startup Engine. This funding injection is indicative of the growing recognition and support for innovative solutions in biotechnology and sustainable water management. Gross-Wen Technologies' commitment to environmental sustainability and efficient resource management is encapsulated in its slogan, "We don't just think green, we grow it!" With its focus on biotechnology, information technology, and water sectors, the company is well-positioned to address crucial environmental and resource challenges while offering attractive prospects for investors looking to align with impactful ventures.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series A - Gross | $6.50M | 8 | Ankeny Angels, 1330 Investments +2 | 20 Aug 2021 |
Grant - Gross | $2.00M | 1 | US Department of Energy | 21 Jan 2021 |
Seed Round - Gross | $204.00K | - | 04 May 2020 | |
Seed Round - Gross | $2.35M | - | 29 Aug 2019 | |
Seed Round - Gross | $2.00M | 1 | 21 Jun 2018 |
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