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SCRA-backed company acquired by global investment firm

Staff Report //September 1, 2020//

SCRA-backed company acquired by global investment firm

Staff Report //September 1, 2020//

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EnviroMix, a startup backed by SCRA, has entered into a partnership that gives a global investor controlling interest in the wastewater technology company, SCRA said in a news release.

GEF Capital Partners, which invests in companies promoting resource efficiency and sustainability, has acquired EnviroMix, a Charleston company based in The Cigar Factory that designs and manufactures process control technology and patented mixing systems for the water and wastewater industries.

EnviroMix received financial backing in 2011 and 2012 from SC Launch Inc., SCRA’s investment affiliate that provides loans, mentoring and support to early stage startups in South Carolina.

“From the beginning, they were committed to accelerating the launch of our technology that supported their initiatives for our state, including innovation and job growth,” EnviroMix CEO Ted Jenkins said. “They later helped us scale with growth capital, which is critical for any growing business.”

SCRA Executive Director Bob Quinn said EnviroMix’s progression through the SC Launch program is an example for all startups, especially now that the company is receiving backing from a global investment firm.

“The guidance, mentoring, networking opportunities and funding we provide are designed to move startups from infancy to being highly investible, and EnviroMix has proven, once again, the effectiveness of our formula,” Quinn said.

Derek Willis, investment manager at SCRA, said, “With the EnviroMix technology, Ted and his team have consistently demonstrated the ability to reduce power consumption for wastewater treatment facilities. We have had the opportunity to work with EnviroMix from prototype development to production and see the value the company has created for their customers.”