A news report on Claros Technologies' recent $10 million convertible note financing to expand its PFAS destruction technology. The funding will accelerate the global deployment of the company's ClarosTechUV™ system, which has shown a high success rate in destroying PFAS.
Claros Technologies, a leader in environmental technology, has announced a significant milestone with the successful closure of a $10 million convertible note financing round. This capital infusion is earmarked to fast-track the commercial deployment of its groundbreaking ClarosTechUV™ PFAS Destruction System across North America, Europe, and Asia. The announcement comes at a critical time as global regulations on per- and polyfluorofluoroalkyl substances (PFAS) continue to tighten.
The financing round saw strong support from a diverse group of investors, including repeat commitments from existing partners such as Capita3, the University of Minnesota, and American Century Private Investments. The addition of new strategic investors, like Clearwater Equity, signifies a broadening coalition dedicated to addressing one of the most persistent environmental challenges of our era. This mix of returning and new backers underscores a shared belief in Claros' technology and its potential to revolutionize industrial waste treatment.
The company's momentum was significantly boosted by a recent pilot program with Daikin America, Inc., where the ClarosTechUV™ system demonstrated a remarkable 99.99% destruction rate of targeted PFAS in high-flow wastewater. This achievement, as highlighted by Michelle Bellanca, CEO and Co-Founder of Claros, was a "watershed moment" that validated the system's scalability and its ability to effectively destroy all types of PFAS—long, short, and ultra-short chains—in an efficient and cost-effective manner. The successful pilot has generated intense interest from industrial stakeholders who are urgently seeking reliable solutions to meet escalating regulatory demands.
With this latest funding, Claros' total capital raised since its inception now stands at $39 million. The funds will be strategically allocated to several key areas: scaling up the ClarosTechUV™ system's production, expanding global pilot and installation programs, and building out the commercial operations needed to meet growing international demand. This expansion is crucial for the company's mission to provide a permanent, low-cost, and high-flow solution that is field-ready and capable of handling the complex challenges posed by PFAS contamination.
As industries face increasing scrutiny and legal challenges related to PFAS, Claros Technologies is positioning itself as a vital partner in the transition towards more sustainable and compliant operations. The successful financing round is not just a financial victory for the company but a strong signal from the market that innovative, effective solutions for PFAS destruction are in high demand and are critical for a cleaner, safer future.
