CITIC Capital Leads US$21 Million Series D Round for Organica Water (CEE and CIS)
Posted On: 01 Feb 2018 | Source(s): Organica Water
China-focused alternative investment management and advisory company CITIC Capital Holdings has led a US$21 million Series D round for Hungary-based Organica Water, with participation from existing investor Idinvest Partners. CITIC Capital and Idinvest Partners invested through CITIC Capital Silk Road Fund and Electranova Capital I Fund, respectively. Organica is a global provider of solutions for the treatment and recycling of wastewater, with operations in Shanghai, Shenzhen, Manila, Jakarta, Kolkata and Budapest. The company plans to use the new funds to strengthen its balance sheet and further invest in its online design platform and digital toolset.