Quench is a clean-technology company that rents and services “bottle-less” water filtration systems (point-of-use water coolers) and ice dispensers for businesses and institutions. Led by CEO Tony Ibarguen and based outside Philadelphia, the company purifies tap water through its installed systems. Quench is described as a large independent provider of filtered drinking water and ice dispensers in North America. It has an installed base of over 27,000 customers across 49 states, Mexico, Canada and the Caribbean. The company secured $38.5m in equity and debt financing and intends to use the funds to invest in organic sales and pursue strategic acquisitions over the coming year. Its customer footprint and capital raise position it to expand sales and acquisition activity in the near term. Quench USA rents, installs and services “bottleless” water filtration systems for businesses, purifying tap water as an environmentally responsible alternative to 5-gallon plastic jugs. The company is described as a clean technology business led by Chairman Douglas Brown and CEO Anthony Ibarguen. It has an installed base of more than 50,000 water filtration systems across 47 US states, Mexico, Canada and the Caribbean. Quench recently closed an approximately $30m financing composed of equity and debt. The company intends to use the funding to continue to grow organically and through acquisitions. Operations are focused on the North American market, servicing businesses with filtration equipment and related services. Quench USA owns, markets and distributes point-of-use bottle-less drinking water purification and dispensing systems. The company focuses on providing bottle-less purification and dispensing hardware to customers. It recently completed a $13M equity financing. The round was led by Virgin Green Fund with participation from existing investors Element Partners and Douglas Brown. Quench says the funds will enable it to expand its product offering into new regions across the USA. A Virgin Green Fund partner said the firm is positioned to capitalize on growth in the point-of-use sector and will support execution of Quench’s business plan.

Total raised

$82M

Funding rounds

5

Latest round

Equity

Latest activity

Jan 2014