Michigan Capital Network has led a $4 million seed funding round for Midland-based Accelerated Filtration Inc., which specializes in advanced water filtration technology aimed at enhancing manufacturing efficiency and addressing environmental concerns.
Target Information
Accelerated Filtration Inc. (AFI), based in Midland, Michigan, specializes in innovative water filtration solutions designed for both municipal and industrial applications. The company's patented VelRay X technology enables effective removal of fine suspended solids from diverse water streams, catering to a wide range of industries with varying water processing challenges. By offering packaged turnkey filtration systems, AFI is positioned to address critical issues in water treatment, enhancing manufacturing efficiency while also benefiting the environment.
Founded in 2020 by John Mallard and Scott Burr, the startup represents a transition from former Dow Inc. technology that was deemed non-essential following the company’s merger with DuPont. Currently, AFI employs a team of seven and occupies a facility within J.E. Johnson, a heating and cooling company in Midland. The startup has recently completed a seed funding round, raising $4 million to expand its manufacturing capabilities and global outreach.
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Industry Overview in Michigan
The water filtration industry is increasingly vital in Michigan, where access to clean water is paramount to public health and environmental sustainability. This sector plays a crucial role in addressing water quality challenges,
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Michigan Capital Network
invested in
Accelerated Filtration Inc.
in 2023
in a Seed Stage deal
Disclosed details
Transaction Size: $4M