Wastewater Treatment Company Emefcy Raises $23.6M

July 26, 2016 | Israeli wastewater treatment company Emefcy has raised Australian $31.6 million (US$23.6 million) on the Australian Stock Exchange after closing a placement of shares. The company raised the money from investors that included funds and institutional bodies from the US, Hong Kong, China, Australia and Singapore, but not from Israel. Emefcy was founded in 2008 by CEO Eytan Levy and CTO Ronen Shechter. The company has developed a high-quality, low energy consumption wastewater treatment technology, compared with other technologies on the market.