Wilson Sonsini Advises Epic Cleantec in $9.4 Million Financing
- Client Highlights
- Clean Technology
On December 9, 2021, Epic Cleantec (Epic), a San Francisco-based onsite water reuse firm, announced that it has successfully closed a $9.4 million financing round. The round was led by the family office of Dr. Kathy Fields and Dr. Garry Rayant, with participation from J-Ventures, J-Impact, and investors from a previous round comprised of VCs, real estate leaders, and prominent entrepreneurs, including Elizabeth Cutler, SoulCycle’s founder and former CEO, and Peter Yolles, water technology investor and advisor. Wilson Sonsini Goodrich & Rosati represented Epic in the transaction.
Epic’s onsite water reuse approach captures and treats a building’s wastewater, purifying it to exceptionally high standards for reuse in non-potable applications, such as toilet flushing, irrigation, cooling towers, and laundry. The Epic approach can help a building reuse up to 95 percent of its water, saving owners hundreds of thousands of dollars annually on their water and sewer bills. The company’s systems can also incorporate additional resource recovery elements, converting wastewater into carbon-rich soil products and reusing wastewater heat for onsite renewable energy. Epic’s systems lower costs for building owners, ease strain on municipal utilities, and strengthen sustainability and resiliency efforts. The company will use the funding to expand geographically and deepen its portfolio of technology offerings.
The Wilson Sonsini Goodrich & Rosati team that represented Epic in the transaction includes Elton Satusky and Nick Barnett.
For more information, please see Epic Cleantec's press release.