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§ Private Profile · Mississauga, ON, Canada
Water recycling technology developer capturing and treating greywater, rainwater, and stormwater for reuse in buildings.
Greyter Water Systems, based in Mississauga, Ontario, Canada, develops water recycling technology that captures and treats greywater from showers and baths, plus rainwater and stormwater, for reuse in toilet flushing, irrigation, and cooling towers. Their solutions aim to reduce water consumption by up to 30% in residential, multi-family, and commercial buildings, partnering with builders, developers, engineers, architects, and municipalities. The company has secured $13.07 million in total funding to date, including a $3 million Series A round led by Lennar Ventures in March 2020. A subsequent $10 million Series B round was completed in January 2023, led by Ferguson Ventures and Lennar. Greyter employs between 21 and 50 individuals. The organization was founded in June 2012 by Mark Sales, John Bell, and Chris Thompson.
Greyter has raised $13.0M across 2 funding rounds.
Greyter has raised $13.0M in total across 2 funding rounds.
Greyter Water Systems is a clean technology company that develops greywater recycling systems to reduce water consumption in residential and commercial buildings.[1][2][3] Its flagship product, the Greyter HOME, captures shower and bath water, treats it for safety, and reuses it for toilet flushing or irrigation, cutting indoor water use by 20-25% while lowering costs and supporting sustainability goals.[1][3][5] The company serves builders, developers, architects, engineers, municipal officials, hotels, offices, and multi-unit buildings, addressing water scarcity by enabling onsite reuse in water-stressed areas.[2][3][4] With $500K in trailing twelve-month revenue, $13M total funding including a $10M recent round, and NSF/ANSI 350 certification, Greyter shows steady growth in the cleantech sector.[1][4][5]
Founded in June 2012 in Toronto, Ontario (now based in Mississauga), Greyter emerged from founders' expertise in water management and clean tech.[1][2] CEO Mark Sales, with 15 years in finance and investments at Merrill Lynch and Venture West Partners, founded CleanTEK Network to support clean water ventures and drives Greyter's strategy.[1] President and COO Chris Thompson, a water efficiency expert, previously led Project Innovations as Ontario distributor for Brac Systems and educates stakeholders on reuse.[1] CFO Alain Wilson brings 20+ years of consulting for startups via Revelstoke Partners.[1] Early traction included NSF/ANSI 350 certification for Greyter HOME in 2019, validating its reliability after six months of testing and opening doors with municipalities.[4][5]
Greyter rides the global water scarcity trend, intensified by climate change, urbanization, and regulations pushing for water-efficient communities in water-limited regions like parts of Canada and the U.S.[2][5] Timing aligns with rising demand for cleantech in construction, where flushing toilets with drinking water is increasingly unsustainable; Greyter's solutions support net-zero buildings and municipal goals amid incentives for reuse.[3][5] Market forces like stricter water codes and sustainability mandates favor its scalable systems, positioning it alongside energy management peers like Enervaro.[2] By enabling 25% indoor savings, Greyter influences the ecosystem, empowering builders to meet ESG targets and reducing municipal infrastructure strain.[1][4]
Greyter is poised for expansion as water reuse mandates grow, leveraging its certifications and $13M funding to scale commercial deployments and enter new North American markets with incentives.[3][4] Trends like smart buildings and V2G-like water-energy integration will shape its path, potentially boosting revenue beyond $5.5M through multi-unit and industrial applications.[2][4] Its influence may evolve by setting standards for residential cleantech, humanizing water conservation while delivering Greyter's core promise: saving money by saving water.[1][3]
Greyter has raised $13.0M across 2 funding rounds. Most recently, it raised $10.0M Series B in January 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jan 1, 2023 | $10M Series B | Ferguson Ventures, Eric Feder | — | Announced |
| Mar 12, 2020 | $3M Series A | Lennar Ventures | — | Announced |
Greyter has raised $13.0M in total across 2 funding rounds.
Greyter's investors include Ferguson Ventures, Eric Feder, Lennar Ventures.