Tuesday, August 26, 2008

DCM makes $19 million investment in MIOX

"Albuquerque-based MIOX Corp. has closed on a $19 million series C round of investment led by the Silicon Valley-based international venture capital firm DCM.

The new round brings total investment in MIOX to nearly $50 million.

The company, which sells proprietary water-purification devices for industrial and personal use, had received about $30 million in past investment rounds, including $14.5 million in early 2007. Previous investors Sierra Ventures and Flywheel Ventures both participated in the latest round, said MIOX CEO Carlos Perea in a news release.

“This investment led by DCM will enable MIOX to take full advantage of its outstanding and proven on-site generation technology and move more rapidly into strategic markets,” Perea said. “The demand for safe, treated water continues to grow throughout the world. Our new partner, DCM, provides exceptional experience in global market development and will be integral to our plans to grow internationally.”

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