Clean Tech: Envirotreat raises £1.7M

Soil and waste remediation specialist Envirotreat Ltd has raised £1.7 million in a funding round led by the Sustainable Technology Fund (managed by E-Synergy), which invested £1 million.

Co-investors Pre-X and Catapult Venture Managers put in £350,000 and £325,000 respectively.

Following the round Envirotreat appointed Duncan Martin, former director of hazardous waste at Veolia Environmental Services, as chief executive.

Envirotreat has developed and commercialised proprietary technologies for the treatment and remediation of contaminated land including more than 60 sites that have been cleaned up for both residential and commercial end-use.  Its technology includes proprietary E-Clay stabilisation technology which allows the in situ treatment of contaminated land.

The company will use the money for further development, expanding the sales and marketing effort, investing in equipment for both on-site soil remediation and landfill pre-treatment, to expand the technology base and to invest in international licensing opportunities.

Sam Richardson, E-Synergy’s Investment Director of the Sustainable Technology Fund, will join Envirotreat as a director. Envirotreat’s new Chief Executive Duncan Martin said: “I am delighted to have taken up this appointment and excited about the challenge of building on the Envirotreat platform and the E-Clay technology. There is a pressing need for treatment technologies as environmental regulations tighten.”

The funding is the eighth investment by the STF, a £30 million UK limited partnership fund backed by a mix of institutional and private investors focusing on investing in UK companies developing clean and efficient industrial processes.

E-Synergy’s £30 million Sustainable Technology Fund specialises in venture capital investments in companies in the Cleantech and Environmental sectors.