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Altela

Description

Manufacturer and designer of water desalination systems. The company develops the AltelaRain(SM) system which removes dissolved salts and other contaminants from industrial waste waters and undrinkable brackish waters.

2004

Founded

PRIVATE

Status

11-50

Employees

Series B

Latest Deal Type

$10.3M

Latest Deal Amount

$21.5M

Total Amount Raised

Description

Manufacturer and designer of water desalination systems. The company develops the AltelaRain(SM) system which removes dissolved salts and other contaminants from industrial waste waters and undrinkable brackish waters.

Website:

www.altelainc.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Environmental Services (B2B)

Other Industries

Other Commercial Products

Primary Office

One Technology Place 7500 Meridian Place North West, Suite B Albuquerque, NM 87121United States +1 (505) 227-8560
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Altela Valuation and Funding

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Deal TypeDateAmountRaised to DatePost-ValStatusStage

Altela Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Altela Investors (3)

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Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
EnerTech CapitalVenture CapitalMinority000 0000000 0000
TervitaPE-Backed CompanyMinority000 0000000 0000
Verge FundVenture CapitalMinority000 0000000 0000
EnerTech Capital Venture Capital
Tervita PE-Backed Company
Verge Fund Venture Capital

Altela Executive Team (6)

NameTitleBoard
Seat
Contact
Info
Matthew Bruff JDCo-Founder, Chief Executive Officer & Board Member
Douglas PennerFinancial Controller and Role
Shelley BarrattDirector, Human Resources
Ned Godshall Ph.DCo-Founder
Steven CummingsVice President of Business Development
Matthew Bruff JD Co-Founder, Chief Executive Officer & Board Member
Douglas Penner Financial Controller and Role
Shelley Barratt Director, Human Resources
Ned Godshall Ph.D Co-Founder
Steven Cummings Vice President of Business Development

Altela Board Members (5)

NameRepresentingRoleSinceContact
Info
Jim McMahonSelfBoard Member000 0000
Kevin MurphySelfBoard Member000 0000
Kristin PeseauSelfBoard Member000 0000
Steve SwansonSelfBoard Member000 0000
Thomas StephensonVerge FundManaging General Partner000 0000
Jim McMahon Board Member Self
Kevin Murphy Board Member Self
Kristin Peseau Board Member Self
Steve Swanson Board Member Self
Thomas Stephenson Managing General Partner Verge Fund
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