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§ Private Profile · Vancouver, BC, Canada
Develops and operates electrochemical oxidation systems for industrial manufacturers, destroying toxic wastewater contaminants.
Based in Vancouver, British Columbia, Axine Water Technologies develops and operates on-site electrochemical oxidation systems to treat highly toxic industrial wastewater. The company utilizes a Wastewater-as-a-Service model to destroy complex organic pollutants, including pharmaceuticals, solvents, and PFAS, directly at the source without producing hazardous solid waste. Their treatment systems primarily serve large-scale industrial manufacturers operating within the pharmaceutical, chemical, automotive, surface finishing, and semiconductor microelectronics sectors to ensure strict regulatory compliance. Operating with fewer than 25 employees, the enterprise currently generates approximately $5.9 million in annual revenue and has secured over $20 million in venture capital and grant funding across multiple rounds. Axine Water Technologies is backed by prominent institutional investors including Chrysalix Venture Capital, BDC Capital, Asahi Kasei, and The Roda Group. The organization was founded in 2010 by Colleen Legzdins and Jonathan Rhone.
Axine Water Technologies has raised $36.2M across 6 funding rounds.
Axine Water Technologies has raised $36.2M in total across 6 funding rounds.
Axine Water Technologies has raised $36.2M across 6 funding rounds. Most recently, it raised $17.2M Other Equity in May 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 27, 2021 | $17.2M Venture Round | — | — | Announced |
| Mar 20, 2017 | $1M Venture Round | Navdeep Bains | — | Announced |
| Sep 1, 2016 | $8M Series B | Takashi Morishita | Chrysalix Venture Capital, VantagePoint Capital Partners, Waverley Capital, Peter Moran, BDC Capital, The Roda Group | Announced |
| Feb 1, 2014 | $6M Series A | — | Chrysalix Venture Capital, VantagePoint Capital Partners, Waverley Capital, Peter Moran, Tony VAN Bommel, Marty Reed | Announced |
| Jul 2, 2013 | $2M Venture Round | Tony VAN Bommel, DR. WAL VAN Lierop | — | Announced |
| Sep 1, 2012 | $2M Seed | — | Chrysalix Venture Capital, VantagePoint Capital Partners, Waverley Capital, Peter Moran | Announced |
Axine Water Technologies has raised $36.2M in total across 6 funding rounds.
Axine Water Technologies's investors include Navdeep Bains, Takashi Morishita, Chrysalix Venture Capital, VantagePoint Capital Partners, Waverley Capital, Peter Moran, BDC Capital, The Roda Group, Tony Van Bommel, Marty Reed, Dr. Wal Van Lierop.
Axine Water Technologies is a technology company specializing in electrochemical oxidation technology for industrial wastewater treatment. It offers a proprietary solution called electraCLEAR™, which provides efficient, cost-effective, and on-site destruction of persistent organic contaminants such as per- and polyfluoroalkyl substances (PFAS), pharmaceuticals, solvents, and other toxic pollutants. Axine serves industrial sectors including automotive manufacturing, pharmaceuticals, semiconductor microelectronics, and surface finishing, addressing the critical problem of treating toxic, non-biodegradable organic pollutants in wastewater while ensuring regulatory compliance through a treatment-as-a-service (TAAS) model[1][3][4].
The company has demonstrated growth momentum by expanding its leadership team and commercial reach, reflecting increasing demand for advanced wastewater treatment solutions globally. Its technology enables customers to reduce treatment costs and improve performance without chemical use or sludge production, positioning Axine as a leader in sustainable industrial wastewater management[1][3][4].
Founded in 2010 in Vancouver, Canada, Axine Water Technologies emerged from a vision to develop innovative, low-cost solutions for treating toxic organic pollutants in wastewater. The founding team brought expertise in chemical engineering and environmental technology, focusing on electrochemical oxidation as a breakthrough approach. Early traction came from pilot projects validating the electraCLEAR™ technology’s ability to destroy PFAS and other contaminants effectively, which helped establish credibility and attract investment[2][4][5].
Over time, Axine evolved from a technology developer to a commercial provider with a treatment-as-a-service model, expanding its leadership and operational capabilities to meet growing industrial demand and regulatory pressures on wastewater contaminants[1][3].
Axine is riding the global trend of increasing regulatory scrutiny and environmental concern over PFAS and other persistent contaminants in industrial wastewater. The timing is critical as governments worldwide tighten discharge standards, creating urgent demand for effective treatment technologies. Market forces such as sustainability mandates, corporate environmental responsibility, and rising costs of traditional treatment methods favor Axine’s innovative, chemical-free, and sludge-free approach[1][2].
By providing modular, scalable, and on-site solutions, Axine influences the broader ecosystem by enabling decentralized wastewater treatment, reducing reliance on centralized facilities, and accelerating adoption of advanced water technologies in industrial sectors. This positions Axine as a key player in the transition toward cleaner industrial water management and circular economy principles[1][2].
Looking ahead, Axine Water Technologies is poised to expand its global commercial footprint and deepen its technology leadership in PFAS and organic contaminant destruction. Trends such as tightening environmental regulations, increased industrial wastewater volumes, and growing corporate sustainability commitments will shape its growth trajectory. The company’s treatment-as-a-service model and continuous innovation in electrochemical oxidation position it well to capture market share and influence industry standards.
Future developments may include broader application of its technology across new industrial sectors, integration with digital monitoring and automation, and partnerships to scale decentralized wastewater treatment solutions globally. Axine’s evolution reflects a broader shift toward sustainable, efficient, and regulatory-compliant water treatment technologies, reinforcing its role as a transformative force in industrial environmental management[1][3][6].