Circularity Capital leads growth capital investment round in CERAFILTEC

Circularity Capital has continued to build its portfolio of European growth-stage businesses accelerating the circular economy, by leading a €30 million growth capital round in CERAFILTEC, with participation from institutional and private co-investors including Stellar Impact.

Founded in 2016 and headquartered in Saarbruecken, Germany, CERAFILTEC designs and manufactures ceramic ultrafiltration membrane solutions for the global water industry. With more than 110 project references in 35 countries worldwide, the company’s technology is used for the treatment of drinking water, as well as wastewater for re-use, desalination and industrial applications.

The capital investment will see Circularity Capital play an active role in supporting the company, leveraging its specialist expertise and insight into the circular economy to support ongoing growth and internationalisation. Circularity co-founding partner Ian Nolan has joined the board.

Ian commented: “We are delighted to welcome CERAFILTEC as the latest addition to our growing European portfolio. This investment is consistent with our approach to backing companies whose circular business model drives a long-term sustainable competitive advantage. We’re excited to be leveraging our circular domain expertise to support the company’s ambitious growth strategy and help to reaffirm its position as a sector leader. “

Kay Gunther Gabriel, Founder of CERAFILTEC, added: “Having Circularity Capital on board as the domain expert in the circular economy will be invaluable as we continue to scale CERAFILTEC’s international footprint. Ultrafiltration is an essential technology to improve water re-use and provide access to clean water globally. Our proprietary ceramic flat sheet membrane module is an agile solution and continues to disrupt the industry.”

The announcement follows Circularity’s recent oversubscribed final close of its second growth-equity fund, Circularity European Growth Fund II, the largest specialist circular economy private equity fund globally.