Bright Capital Fund has invested in ecology-friendly technologies developer

Russian investment fund Bright Capital participated in the financing of Luxembourg company Epuramat which develops environmentally friendly technologies. The company raised 8.3 M EUR.

Epuramat plans to spend the money received after the closure of the first tranche of series B financing on expanding the ongoing research and developments of future growth segment - oil separation from water.

The main current activity of Epuramat, launched in 2005 with headquarters in Luxembourg, is the creation of compact, energy-efficient solutions for water and waste water purification without chemicals. In total, the company has developed several solutions in purification of municipal and industrial wastewater.

Epuramat plans to start the production of a system for separating oil from water in early 2013, and the system will use a specific gravity separator to separate suspended particles from water. The feature of the separator is that it doesn’t need energy and chemicals to work.

Epuramat has attracted investment from companies producing building materials Chaux de Contern (Luxembourg) and an International Fund I2BF Global Ventures engaged in environmentally friendly technologies (on Russian market too). These investors will keep their assets in the company.

Bright Capital’s Managing Company was originally a corporate fund RU-COM. The main investment focus of the company is projects in energy, including renewable and next generation chemistry, biotechnology, energetically efficient building materials. There are 14 companies in the portfolio of the Fund now.

Bright Capital opened two funds in 2011 in Russia: Seed Investment: Bricollage - in conjunction with Digital October business incubator; the fund will invest in IT-startups, and Clean-tech - the fund will focus on energy, new generations of chemistry, biotechnology, energy-efficient building materials.