Altela Closes $10.31M Round

Wastewater technology company Altela has closed on $10.31 million in later-stage VC financing. Headquartered in Albuquerque, NM, Altela is the developer of a decontamination technology used by the oil and gas industries for treating wastewater from gas extraction. The startup has raised several rounds of funding, most recently a $1.2 million later-stage VC round from EnerTech Capital.