AUSTIN, TX, Emerging technology company focused on delivering mobile water treatment platforms for water treatment and re-use, has secured $7.9 million in Series A financing. The round was led by Austin Ventures.
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Omni Water Solutions, Inc., an emerging technology company focused on delivering mobile water treatment platforms for water treatment and re-use, has secured $7.9 million in Series A financing. The round was led by Austin Ventures and also included family office investors connected to land, oil, and gas in the Eagle Ford Shale region of Texas. Pasadera Capital represented Omni in this transaction. Proceeds from the financing will support the company's plans to build and deploy its HIPPO treatment units for oil and gas operations where water can be treated and re-used instead of lost to disposal.
Omni Water Solutions was founded in 2010 and has developed a patent-pending system, called Octozone, with real-time sense and respond automation that allows for the treatment of high volume, contaminated water supplies. Omni's mobile platforms, which feature this technology, can treat water to the level required by the user and deliver consistent water quality despite rapid variations in contaminant levels. This consistent water quality simplifies and streamlines the well completion process for more predictable results and lower costs.
"Omni has an industry-leading approach, which has resulted in successful pilot tests with several marquee exploration and production operators," said Clark Jernigan, Venture Partner at Austin Ventures. "We believe that as domestic energy exploration continues to expand, Omni's advanced technology will become increasingly important to companies that are looking for economical solutions to water conservation and re-use."
"This investment validates Omni's strategy to provide a technology with built-in intelligence that automatically adjusts to ever-changing oilfield conditions," said Warren Sumner, CEO of Omni Water Solutions. "This capability makes our HIPPO units more durable and easier to operate, providing operators a superior approach to making better use of our scarce water resources."
About Omni Water Solutions
Omni Water Solutions is an emerging technology company, which specializes in developing and deploying mobile water treatment platforms for water re-use. Through its patent-pending Octozone automation technology, Omni's platforms are able to treat a wide variety of contaminated, high-volume water sources. The result is output water custom tailored to the requirements needed by the operator at significantly lower energy and maintenance costs. The company is based in Austin, Texas. Visit omniwatersolutions.com for more information.
About Austin Ventures
Austin Ventures ("AV") has worked with talented entrepreneurs to build valuable companies for over 25 years. With $3.9 billion under management, AV is the most active venture capital and growth equity firm in Texas and one of the most established in the nation. With an investment focus on business services and supply chain, financial services, new media, Internet, and information services, AV invests at all stages of company development, from $100,000 in "planned experiments" in early-stage ideas to $100+ million investments in expansion rounds and recapitalizations. AV's strategy is to partner with talented executives and entrepreneurs through its CEO-in-Residence and Entrepreneur-in-Residence programs. Visit austinventures.com for more information.