Stonehouse Water Technologies LLC, an early-stage Milwaukee startup that develops water purification products, has raised $1.55 million in its first funding round, the company announced today.
The funding will allow the startup, which has developed patent-pending technology for an energy-efficient water purification system, to begin manufacturing the product.
Mark Sellers, who sold Germantown-based manufacturing solutions company MGS Mfg. Group Inc. to Milwaukee-based private equity firm Mason Wells in 2016, was the lead investor.
“Stonehouse’s technology and team represents Milwaukee’s strong expertise in the water, manufacturing and growing technology industries,” Sellers said in a statement. “We are looking forward to a strong partnership leveraging our manufacturing and design experience with Stonehouse’s innovation and successfully piloted products.”
The company, which started in 2012, began seeking investors in August, according to Dale Kooyenga, chief financial officer, who is also a member of the state Legislature. Within a week, Stonehouse was able to secure the investment, exceeding the initial goal set by company president Hensley Foster.
Stonehouse Water Technologies, located at the Global Water Center, plans for its final manufactured product, the WaterPOD 8, to be commercially available in early 2018. The purification system can be used for residential, commercial and agricultural properties.