Water Planet Raises Series B Funding

Los Angeles-based Water Planet, which develops water treatment membranes, said today that it has raised a new, Series B funding round. Size of the funding was not disclosed. Water Planet said the investment came from Air Liquide's ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund. As part of the funding, the company said it has changed its name dfrom Water Planet Engineering, LLC to Water Planet, Inc. Water Planet is led by Eric Hoek, the former UCLA and UC Riverside professor who created the membrane technology behind another, water filtering membrane startup, NanoH2O, which is now part of LG. LG acquired NanoH2O in May of last year, for use in water deslination. Water Planet is applying its own, water membrane products in the area of industrial wastewater treatment. More information »