NSS Water Completes 7.2 MSEK Capital Raise and Appoints Erik Östreng as CTO
NSS Water Enhancement Technology AB has completed a share issue of 7.2 million SEK, enhancing its financial position and advancing its ultra-pure water technology for the semiconductor industry. New investors include Grow Venture Partners and SkyDeck Europe, alongside existing shareholders like Longrun Capital and GU Ventures. Erik Östreng has been appointed as Chief Technology Officer, bringing valuable semiconductor industry experience to the leadership team. The funds will support sales, pilot activities, and technology development.
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NSS Water Enhancement Technology AB has raised 7.2 million SEK through a new share issue, improving its financial standing for the commercialization of its ultra-pure water technology aimed at the semiconductor sector. The funding round includes investments from Grow Venture Partners and SkyDeck Europe, along with participation from existing shareholders such as Longrun Capital and GU Ventures.
Additionally, Erik Östreng has been appointed Chief Technology Officer, leveraging his extensive semiconductor industry experience for the company's growth. The capital will be allocated to sales expansion, pilot initiatives, and further technology development.
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