Raiven Capital, a global early-stage tech venture fund, announced its investment in Wayout, an IoT-enabled, water purification system that can turn all kinds of source water, even seawater, into drinkable water. Wayout is Raiven’s second European investment.
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“We are excited that Raiven has invested in us, especially as they bring expertise and experience that will contribute to our growth. They understand the potential of our company and why a transition to local and sustainable production of water transforms global value chains.”
Founded in 2018 in Stockholm, the company’s container-sized, tech-enabled system is essentially a powered “micro factory” that removes impurities and demineralizes groundwater locally, eliminating the need to transport usable water to a faraway destination. Each sensor-enabled unit, which produces water for 2,000 people per day, is connected to the cloud, providing immediate data on efficiency via a desktop app.
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“We are thrilled to invest in Wayout, especially as clean water should be a basic human right,” said Paul Dugsin, Raiven Capital General Partner. “This company solves a very serious problem, which is how to provide clean, safe drinking water to anyone, anywhere. Most importantly, the company is disruptive, eliminating outdated industrial structures that are inefficient, often requiring complicated supply chains that ship plastic bottles that end up in landfills.”
Ulf Stenerhag, CEO and Founder of Wayout, said that: “We are excited that Raiven has invested in us, especially as they bring expertise and experience that will contribute to our growth. They understand the potential of our company and why a transition to local and sustainable production of water transforms global value chains.”
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