Thursday, March 23, 2017
Water Planet: Our Seed Investor Is Kevin Costner
Los Angeles-based Water Planet, which develops water treatment membrane technology originally developed at the University of California, Los Angeles (UCLA), revealed today that its seed investor is none other than actor Kevin Costner. The company said that Costner and his business partner, Rod Lake, were actually the company's founding investors back in 2011. The involvement of Costner is the first time the company has detailed the actor's investment; the company has previously announced funding from the ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund. Water Planet's CEO and founder is Erik Hoek, who was a Professor of Engineering at UCLA. Movie fans might recall that Costner was behind the 1995 movie, Waterworld.