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Altela

Description

Developer of a fluid waste reduction technology designed to desalinate and decontaminate waste fluids. The company's AltelaRain water desalination system reduces the volume of waste fluids and converts waste into an asset for beneficial re-use, enabling clients to decontaminate and produce water without using energy intensive equipment.

2005

Founded

PRIVATE

Status

11-50

Employees

Series B

Latest Deal Type

$10.3M

Latest Deal Amount

$19.6M

Total Amount Raised

Description

Developer of a fluid waste reduction technology designed to desalinate and decontaminate waste fluids. The company's AltelaRain water desalination system reduces the volume of waste fluids and converts waste into an asset for beneficial re-use, enabling clients to decontaminate and produce water without using energy intensive equipment.

Website:

www.altelainc.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Environmental Services (B2B)

Other Industries

Other Commercial Products
Water Utilities

Primary Office

Denver Technology Center, 7887 East Belleview Suite 1100, Englewood Denver, CO 80111United States +1 (303) 993-1950
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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 (5)

NameTitleBoard
Seat
Contact
Info
Matthew Bruff JDCo-Founder, Chief Executive Officer & Board Member
Penny OmtvedtController
Shelley BarrattDirector, Human Resources
Steven CummingsVice President of Business Development
Jim McMahonBoard Member
Matthew Bruff JD Co-Founder, Chief Executive Officer & Board Member
Penny Omtvedt Controller
Shelley Barratt Director, Human Resources
Steven Cummings Vice President of Business Development
Jim McMahon Board Member

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 Partner Co-Founder000 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 Co-Founder Verge Fund
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