Axine Water Technologies is a British Columbia-based cleantech company. The Vancouver Tech Journal reported that SDTC invested $17.2M into three BC companies: Axine, Ecoation and Terramera. The article notes that, in total, $44.3M was invested across 11 Canadian cleantech companies nationwide. The piece does not provide details on Axine’s core product specifics, future plans, or operating metrics. The article also does not specify the instrument or structure of the SDTC investment, nor any co-investors or prior funding rounds. Axine Water Technologies develops low-cost, chemical-free electrochemical oxidation technology to treat ammonia and toxic organics in industrial wastewater. Its compact, modular systems integrate into existing treatment plants to target specific pain points without disrupting operations. The company offers a wastewater-as-a-service service model to enable customers to access the technology with minimal capital investment. Axine targets multinational customers in pharmaceuticals, chemical manufacturing, microelectronics, and other water-intensive industries. The technology is designed to reduce operating costs, eliminate off-site wastewater trucking and disposal, improve wastewater system performance, increase water reuse, and ensure compliance. The company is based in Vancouver, BC. Axine Water Technologies develops low-cost, chemical-free solutions for treating ammonia and toxic organics in industrial wastewater using an electrochemical technology. Its compact, modular systems integrate into existing treatment plants to target specific pain points without disrupting operations. The company addresses customers in microelectronics, chemical, pharmaceutical and other industries. Led by CEO Jonathan Rhone, Axine is based in Vancouver, Canada. The technology emphasizes modularity and on-site treatment to solve operational constraints and environmental concerns. The company will use the funds from the financing to continue to expand operations. Axine Water Technologies develops a chemical-free solution for treating high concentrations of toxic organics, ammonia, and other pollutants in industrial wastewater. The technology targets large companies across oil & gas, refining, chemical production and other heavy industries. Over the past 12 months the company worked with industry leaders in oil & gas, refining, waste management, and chemical processing to verify and benchmark its solution. Axine is led by President & CEO Jonathan Rhone. The company closed a $5.6M Series A to continue progressing toward commercialization of its wastewater treatment technology. The new financing is intended to advance commercial deployment and further validation with industrial customers. Axine is based in Vancouver, Canada. Axine Water Technologies has developed a simple electrolytic process that creates free radicals to break down organic compounds in industrial effluent into water, nitrogen, carbon dioxide and a high-quality stream of hydrogen. The technology requires far less electricity than other electrochemical processes, uses no chemicals, produces no sludge and can be applied across oil-and-gas extraction, oil refining, pulp and paper, and chemical, petrochemical and pharmaceutical industries. Axine positions its process as a cost-effective alternative or pre-treatment to biological systems, benchmarking at roughly three to ten times lower cost than incumbent technologies. The company was founded by Colleen Legzdins and Jonathan Rhone and is based in Vancouver. Industry participants cited in the article describe the technology as promising for solving difficult refinery and oilsands wastewater problems.

Total raised

$34M

Funding rounds

5

Latest round

Equity

Latest activity

May 2021