Bluewater Bio completes financing round to expand its water operations

Bluewater Bio International has completed a £22.5m financing round with Cleantech investors Ombu Group and Hermes GPE Environmental Innovation Fund to expand its operations in the water sector.

The board of Bluewater Bio believes that this transaction represents one of the largest growth capital finance rounds in the water sector over the last 12 months and reflects the company’s recent commercial progress.

Ombu Group CEO Stephen Brooke said, "We are delighted to be involved in Bluewater Bio as partners in the company’s long term growth, and look forward to helping the company evolve over the coming years into a substantial water and wastewater solutions business," Brooke said.

Bluewater Bio founder and CEO Daniel Ishag said whilst the financing contributes crucial expansion capital to the company’s business, the accompanying intellectual capital is just as important.

"Both Ombu and Hermes GPE bring valuable sector and territorial experience, and we look forward to working with them as genuinely strategic partners," Ishag said.