Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

FloWater raises $15 million to reduce single-use bottled water

ImpactAlpha, January 8 – Burlingame, Calif.-based FloWater makes water bottle filling stations for schools, gyms, hotels and offices. The firm’s mission is to offer an environmentally-friendly alternative to single-use plastic water bottles.

The world produces a million single-use plastic bottles per minute, which are contributing to a waste crisis that is quite literally choking ocean ecosystems.

FloWater aims to reduce the number of plastic bottles consumed and to minimize the CO2 and chemical footprint of the consumer water industry. The company has refilling stations in almost all 50 states and serves corporate customers like Google, Airbnb and Red Bull, TechCrunch reports.

Swedish water purification company Bluewater led the three-year-old company’s $15 million funding round.

A host of other companies and investors are devising ways to curb the world’s plastic problem. Closed Loop Partners has backed companies like plastic upcycling companies IntegriCo and GreenMantra and TemperPack, a maker of plastic packaging alternatives. PepsiCo Foundation is anchoring a new investment fund from Closed Loop spin-off Circulate Capital to back waste management and recycling ventures in Asia, where most of the ocean plastic comes from.

Others, meanwhile, are taking a creative approach to the plastic waste problem: Fashion designer Stella McCartney is working on a clothing line made from recycled ocean plastic, while Chilean company Bureo is upcycling ocean trash into skateboards.

You might also like...