Claros Technologies has raised $22M in new funding co-led by Ecosystem Integrity Fund and American Century Investments. This financing will allow ClarosTech™ to continue scaling the research, development and market penetration of its UV-photochemical PFAS destruction technologies, its durable anti-viral, anti-bacterial, anti-odor and broad spectrum UVA and UVB bio-based functional materials technologies and its analytical laboratory.
Current methods of PFAS (perfluoroalkyl and polyfluoroalkyl substance or “forever chemicals”) elimination are ineffective; returning the original or concentrated PFAS back into the environment through wastewater, landfill, or incineration.
“Our commitment to PFAS destruction is not just about environmental responsibility, but also about sustainability. By developing and commercializing cutting-edge solutions to PFAS pollution, we’re positioning ourselves at the forefront of a growing market. As the demand for sustainable, scalable, cost competitive chemistries and industrial processes increases, we believe our technologies can be part of ensuring long-term success for our customers, partners and the planet.” said Michelle Bellanca, ClarosTech™ CEO and co-founder. “This $22M over-subscribed fundraise is a testament to the trust and commitment from a syndicate of investors that believe in Claros’ technology, commercialization strategy and vision for a cleaner and safer world. With this support, Claros is poised to revolutionize the landscape of PFAS destruction and safeguard our environment for generations to come.”
“PFAS chemicals represent a monumental and increasingly urgent societal challenge. They are ubiquitous in manufactured products, have serious environmental and human health impacts and are persistent in the environment. Industrial producers are finally being held accountable for this pollution: settlements from PFAS litigation in the US are approaching $20 billion; the US EPA has begun regulating PFAS in drinking water; and CERCLA has designated PFAS chemicals as hazardous waste,” said Sasha Brown, Partner at Ecosystem Integrity. “We are proud to partner with Claros, which provides the most efficacious and cost-effective method of eliminating PFAS and analyzing the contents of effluent for industrial customers. Claros’ analytical, modeling and destruction capabilities are essential tools to tackle the critical imperative of halting PFAS pollution.”
