Desalitech Raises $5M In Series C Round

Israeli desalination company Desalitech has concluded a successful series C finacing round, raising $5 million. The round was led by Liberation Capital, who also led the company’s previous financing round.

Desalitech has developed a desalination system which turns saltwater into drinkable freshwater. The company claims that they can reduce desalination costs by up to 60 percent, reduce energy consumption by 30 percent and reduce waste by 70 percent.