Water Tech Company Aganova Announces Growth Equity Investment From Emerald and Cimbria
MÁLAGA, Spain, November 17, 2022 (Newswire.com) - Aganova, a Spanish water technology company specializing in leak-detection and condition assessment of water infrastructure pipeline with a focus on critical "transmission mains," is pleased to announce it has received a growth equity investment from Emerald Technology Ventures and Cimbria Capital. Aganova's core technology is the Nautilus System — a wireless, in-line, and neutral buoyant technology that helps water utilities optimize leak detection, network inspection, and leak prevention in large diameter pipelines. Aganova's new investments partners — Emerald and Cimbria — are internationally known specialist investors in the water industry.
Emerald and Cimbria are both well-positioned to support the overall growth of Aganova and its international expansion given the firms' significant networks and expertise in water. As part of these collaborative efforts, Helge Daebel, Emerald Partner, and Brian V. Iversen, Cimbria Managing Partner, will both join the Aganova Board of Directors.
"We are thrilled to welcome Emerald and Cimbria as partners in Aganova given their documented achievements in helping scale water technology companies in global water infrastructure markets," said Agustín Ramírez García, CEO of Aganova. "It's an opportune time in infrastructure to further deploy Aganova's innovation to help reduce Non-Revenue Water loss and help save costs in maintenance and upgrades to water distribution pipelines."
"Emerald sees great promise in Aganova's Nautilus System becoming a standard technological solution for leak detection in large diameter networks for municipalities in need of streamlined, reliable, and affordable innovation," said Helge Daebel, Partner at Emerald Technology Ventures. "Due to the age of much of our existing infrastructure and years of underfunding, Aganova's technology will be critical in helping ensure the functioning of essential water assets and services."
"Cimbria is pleased to join the Aganova team and apply our knowledge of value-add capabilities in transatlantic market expansion and strategic management via our Acceleration Program," said Brian V. Iversen, founder and Managing Partner of Cimbria Capital. "For Aganova, we believe this work will be especially meaningful in their renewed commercial effort to acquire new customers in North American markets, augment their business team, and increase corporate visibility."
About Aganova, S.L.:
Aganova is dedicated to the technological innovation for the analysis and control of pipelines, specialized in leak detection in distribution and transport networks. Aganova has developed the Nautilus System: an in-line, freely swimming, neutrally buoyant technology for leak detection in big diameter pipelines. Aganova's mission is to provide the market with assumable and effective solutions through a recurrent-use model that helps reduce the Non-Revenue Water in the world.
About Emerald Technology Ventures:
Emerald is a globally recognized investment firm and strategic innovation partner, with offices in Zurich, Toronto and Singapore. Founded in 2000, it has raised five venture capital funds, completed over 400 venture investments in 67 emerging industrial technology leaders and managed five third-party investment mandates, including for the governments of Switzerland and Singapore. Emerald is a trusted open innovation partner for numerous multi-national corporations, leveraging deep industry expertise and rich global deal flow in the areas of energy, water, industrial IT, advanced materials, mobility, robotics, and agriculture.
About Cimbria Capital:
Cimbria Capital is a private equity investment firm conducting growth capital investments focused on the Water Economy in North America and the Nordics. Cimbria allocates capital via its Oasis Funds to visionary companies and supports these businesses with operational expertise through its value-add Acceleration Program.
Source: Aganova, S.L.
