What is MIOX?
MIOX Corporation designs and manufactures advanced systems that generate disinfection chemistry on-site, thereby eliminating the logistical challenges and environmental impact associated with transporting hazardous chemicals. Their flexible technology can produce between 1.0 to 3,000 pounds per day of free available chlorine (FAC), catering to a diverse array of applications. These include large industrial cooling towers for legionella elimination, comprehensive water and wastewater treatment for cities and industrial facilities, and crucial disinfection of produced and frac water for reuse in the oil and gas sector. This approach not only reduces carbon footprint but also offers a cost-effective alternative to traditional chemical supply chains.
How much funding has MIOX raised?
MIOX has raised a total of $39.5M across 4 funding rounds:
Series B
$14.5M
Series C
$19M
Private Equity
$5M
Debt
$1M
Series B (2007): $14.5M with participation from Sierra Ventures, Flywheel Ventures, New Mexico Community Capital, and Nick Pritzker
Series C (2008): $19M led by Sierra Ventures and Flywheel Ventures
Private Equity (2011): $5M, investors not publicly disclosed
Debt (2014): $1M featuring Sierra Ventures, Flywheel Ventures, and DCM Ventures
Key Investors in MIOX
Sierra Ventures
Sierra Ventures is a Silicon Valley-based venture capital firm that invests in early-stage technology startups, focusing on enterprise software, infrastructure, and AI. They partner with founders from product-market fit through scaleup and exit.
Flywheel Ventures
Flywheel Ventures invests in innovative solutions addressing significant global challenges, with a focus on scalable infrastructure and data analysis technologies. They support companies building solutions for the measured world.
New Mexico Community Capital
New Mexico Community Capital is a non-profit organization dedicated to empowering Indigenous communities through economic sovereignty and development, offering resources and capital to foster entrepreneurial growth.
What's next for MIOX?
The substantial enterprise-level funding MIOX has garnered, particularly the recent strategic investment, positions the company for significant expansion and technological advancement. This capital infusion is expected to accelerate MIOX's market penetration, enhance its product development pipeline, and bolster its operational capacity to meet growing global demand for sustainable water treatment and disinfection solutions. The company's focus on reducing hazardous chemical transport and its cost-effective on-demand generation technology are key differentiators that will likely drive future growth and solidify its market leadership.
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