Blue Foot Membranes NV ("Blue Foot"), a leading provider of unique backwashable ultrafiltration membranes for advanced water treatment solutions, proudly announces a total investment of €15 million in its recent funding round. This includes a €10 million growth stage round secured in December 2023, led by Circular Innovation Fund (CIF), managed by Demeter and Cycle Capital, with participation from existing investors QBIC, LRM, and VITO. Building on this strong foundation, Blue Foot has strengthened its financial backing with an additional €5 million investment from SFPIM (Federal Holding and Investment Company) , via the Ecological transition envelope, a delegated mission of the Belgian Federal government, marking SFPIM as the company's second new investor. These investments underscore confidence in Blue Foot's innovative technology and its capacity to meet the rising demand for sustainable wastewater re-use solutions. In line with this growth and to further strengthen its strategic direction, Blue Foot Membranes is pleased to announce the appointment of Carlos Campos as an independent director to the board. Carlos brings a we
Blue Foot empowers industries and municipalities to effectively reuse wastewater for high-value applications by providing OEMs with unique membrane technology. Integrated into comprehensive solutions for end customers, this technology supports their goals of reducing water footprint, minimizing CO2 impact, and advancing sustainability efforts.
Unique membrane
The Integrated Permeate Channel (IPC®) membrane by Blue Foot is a unique, truly backwashable polymeric flat sheet membrane. Its exemplary properties translate into direct customer benefits, such as very low energy consumption, reduced CO2 footprint, and the most compact and space-efficient solution. All these factors culminate in a very low and attractive Total Cost of Ownership
"Since 2005, experts at VITO have been looking for a solution to purify wastewater through a membrane that also reliably stops micro-organisms and waste particles. This solution consists of a 3D coating that makes the membrane unbreakable. In 2017, the spin-off Blue Foot Membranes was launched with the aim of bringing this patented technology to the market. A mission that succeeded and which also convinced VITO to further co-invest in this project through our investment fund Clean Vision Invest," says Bart Swaelens, investment manager at VITO.
Supporting new technologies
"As minister I strongly believe in proximity and the availability for everyone to clean water in our Belgian municipalities. With this investment by SFPIM, we are making sure that clean water reaches families across the country by supporting new technologies in wastewater management." stated Vincent Van Peteghem, Belgian Vice-Prime Minister and Minister of Finance.
"We are very proud to announce a new important investment for SFPIM within the Ecological transition envelope, a delegated mission of the Belgian federal State. SFPIM invests 5 million euros in Blue Foot Membranes. With its unique membrane, Blue Foot Membranes allows industries and municipalities to treat wastewater more efficiently, brings a concrete solution to water scarcity and enhances the transition to a more sustainable and responsible economy.“ said Céline Vaessen, CIO SFPIM
"With this latest addition to our strong team of shareholders we are closing our capital round as planned. This allows us to execute our vision to accelerate circular water and grow Blue Foot into one of the leading names in the market.”, said Stephan van Hoof, CEO Blue Foot Membranes
About Blue Foot Membranes NV
Blue Foot is a technology provider for the water and wastewater industry. It offers its unique Integrated Permeate Channel (IPC®) to solution providers requiring the most compact and energy-efficient membrane technology for membrane bioreactors. The IPC® membrane is a truly backwashable polymeric flat sheet ultrafiltration membrane, offering many end-user advantages. For more information, visit www.bluefootmembranes.com.
