Accelerated Filtration Closes $4M Seed Funding Round,
Led by Michigan Capital Network
New investment will fund expanded manufacturing space and sales efforts of VelRay X™ technology
Midland, Mich. (May 8, 2023) – Accelerated Filtration, Inc. (AFI), an innovative technology company that produces a first-of-its-kind industrial water filtration system, announced today it has closed a $4 million seed fund raise. Michigan Capital Network and members of its five angel investing groups led this latest round of financing, with additional participation from Oxcart Equity Partners, Closed Loop Partners, Anthropocene Ventures, ID Ventures, Red Cedar Ventures, and Northern Michigan Angels. AFI will use the funding to double the production space at its Midland, Michigan manufacturing facility, and ramp up its global business development efforts......
Accelerated Filtration Closes $1.5M Pre-Seed Funding Round, Led by Closed Loop Partners
A new era in fine particle industrial water filtration is here with the launch of the VelRay XTM, the debut product of Accelerated Filtration, Inc.
Midland, Mich. (July 12, 2022) – Accelerated Filtration, Inc. (AFI), a water filtration company based in Midland, Michigan that develops industrial water filtration technologies, announced today that it has raised $1.5 million in pre-seed funding. Closed Loop Partners’ Ventures Group led the financing round, with participation from Michigan Capital Network, Anthropocene Ventures and Oxcart Equity Partners. The company will use the funding to advance product development, marketing and launch its first water filtration solution into the market later this year................
.... services provided by Central Michigan University Research Corporation (CMURC), in partnership with the Midland Business Alliance (MBA) as part of the Michigan SmartZone network. CMURC and the MBA were awarded $29,259 in Business Accelerator Funds (BAF) to provide additional professional services on behalf of client company Accelerated Filtration Inc.....
