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Puraffinity, which develops precision technology for the removal of PFAS ‘forever chemicals’ across multiple water treatment applications, has raised $13.9m in Series A funding. The round was led by Octopus Ventures, with participation from existing investors Kindred Capital, HG Ventures, Verve Ventures and Acequia Capital. Materials science sector specialist fund Universal Materials Incubator Co (UMI) also joined the round.

September 30, 2024

Puraffinity team Lab picture

This investment allows Puraffinity to scale up its operations and transition from being an R&D focussed organisation to being a full commercial entity. Puraffinity will invest in manufacturing, accelerate its commercial business as well strengthen its R&D capabilities to develop new products. Additionally, a dedicated £700k was invested from a new Investor Partnership grant by Innovate UK called Future Economy focused on Net Zero aligned companies. 


The fundraise will also allow the company to grow its team from 20 to more than 40 and build out its IP base with a rapidly growing patent and trademark portfolio. 


“We are delighted to be working with Octopus Ventures,” said Puraffinity CEO Henrik Hagemann. “I have been hugely impressed with their deep tech expertise and their focus on people. There is no time to waste in dealing with the ‘forever chemical’ contaminants that have population-wide health implications. This funding round is aimed at addressing the need to have a sustainable material that tackles PFAS removal with improved efficiency to aid the destruction of PFAS.” 


PFAS (Per-and polyfluoroalkylated substances) comprise of approximately 9000 different human-made compounds. For over 60 years PFAS were used in the manufacturing of many products which led to their widespread release into the environment. 

The fundamental properties of PFAS makes them extremely resistant to natural degradation and they are often referred to as ‘forever chemicals’. They are hard to treat and, in many cases, conventional technologies cannot meet removal demands. Overwhelming evidence has connected PFAS to severe health effects, such as several types of cancer and compromised immune responses. 


“The startling levels of PFAS in water supplies around the world is applying yet more pressure to an already scarce resource,” said Owen Metters from Octopus Ventures. “We believe that action needs to be taken to remove these forever chemicals from the water cycle and that Puraffinity’s highly scalable adsorbent material is the most viable solution to achieve this in both industrial and domestic settings.” 


“Puraffinity’s goal of providing one billion people with PFAS-free water by 2030 aligns closely to Octopus Ventures’ focus on investing in companies which are helping to build a sustainable planet. I am excited to work closely with Henrik and the team to deliver this much-needed solution to market.” 


Yosuke Yamamoto, Partner, UMI commented. "Puraffinity's technology has the potential to become the de facto standard for solving the global PFAS problem. We are confident that Henrik and his team will make a historic impact on the industries affected and we look forward to working with them to achieve such goals together." 


For further information please see: https://www.puraffinity.com/ 

By Ade Alao February 5, 2025
Neal Megonnell brings over three decades of experience in various leadership, technology and sales roles in the carbon industry to his new position at Puraffinity. His extensive background and expertise in the water treatment sector and the specific technologies for removing contaminants make him an invaluable addition to the company's executive team. In his role as CCO, Neal will be responsible for driving Puraffinity's commercial strategy, expanding market presence, and accelerating growth in the rapidly evolving field of PFAS removal technologies. "We are thrilled to welcome Neal to our team," said Vincent Caillaud, CEO of Puraffinity. "His impressive track record in the industry, coupled with his deep understanding of PFAS-related challenges, aligns perfectly with our mission. His background in R&D, with multiple published papers and two patents related to activated carbon, will be instrumental in driving our commercial success and furthering our goal of providing innovative PFAS removal solutions." Neal holds a Bachelor of Science degree in Chemistry from the University of Pittsburgh Master of Science degree in Chemical Engineering from Carnegie Mellon University and a Master’s in Colloids, Polymers and Surfaces. This strong academic foundation, combined with his extensive industry experience, positions him well to lead Puraffinity's commercial efforts in addressing one of the most pressing environmental challenges of our time. Neal's expertise is extensively demonstrated through his strategic involvement in various professional committees, including Chair of the American Water Works Association Standards on Activated Carbon Committee, the ASTM D28 Activated Carbon Committee, and serving as Chairman of the Standards for Activated Carbon. "I am thrilled to join Puraffinity at this exciting time," said Neal Megonnell. "The company's commitment to developing sustainable adsorbent materials for PFAS removal aligns with my passion for innovative water treatment solutions. I look forward to working with the talented team at Puraffinity to expand our market reach and deliver cutting-edge technologies to communities and industries worldwide."
A woman in a black jacket and a colorful shirt is standing in front of a painting.
By Ade Alao October 11, 2024
October, 2024 Puraffinity, which develops precision technologies to remove toxic “forever chemicals” perfluoroalkyl and polyfluoroalkyl substances (PFAS) from water, has appointed Jessica Middlemiss as Chief Technology Officer. Jessica joins from Matter, an environmentally focussed startup which develops technology to remove micro-scale pollution from water. Prior to Matter, Jesscia was Head of Plastics Technology at Sartorius and spent ten years at Dyson including two years as Head of Operations for The Dyson Institute – Dyson’s in-house undergraduate degree-apprenticeship programme. “Jessica has a really broad technical and business network across both industry and academia which is valuable to us,” said Puraffinity co-founder Henrik Hagemann. “Jessica brings relevant start-up experience from her time at Matter, leading a large team of scientists at Sartorius and held a variety of engineering and management positions at Dyson. We are delighted to have her join us.” “I believe I have the combination of technical understanding and people skills which will help Puraffinity flourish,” said Jessica. “I have built my career on an ability to bring together exceptional technical people to work on clear and targeted challenges as a team. I know how to get people motivated and focussed on a common goal that delivers commercially for the organisation.” Jessica has a Masters in materials science and engineering from Imperial College London and is a Fellow of the Institute of Materials Minerals and Mining (IOM3).
Picture of new Puraffinity CEO Vincent Caillaud with Henrik Hagemann
By Ade Alao September 10, 2024
Puraffinity, a start-up developing precision technologies which remove toxic “forever chemicals” perfluoroalkyl and polyfluoroalkyl substances (PFAS) from water, has announced ambitious plans to scale, following the appointment of Vincent Caillaud as its new CEO and securing £6.73 million in new investment from BGF. Mr Caillaud brings exceptional industry experience, with more than 20 years working in the water sector. He was previously CEO of Veolia Water Technologies & Solutions, a global water technology business unit within the world’s largest water, energy and waste management company, Veolia. The appointment of Vincent Caillaud as Chief Executive Officer to boost market access for the technology, will allow Puraffinity’s founder Henrik Hagemann to focus on furthering the company’s market-leading technological advantage as Chief Product and Innovation Officer. BGF’s investment completes Puraffinity’s £16.93 million Series A funding round, following existing funding from Octopus Ventures, HG Ventures, Kindred Capital, and Verve Ventures, as well as materials science sector specialist fund Universal Materials Incubator Co (UMI). The funding will enable Puraffinity to scale up production of its patented, PFAS-capturing material, “Puratech ®”, to meet exceptionally strong and growing demand across multiple sectors. It will also support the company’s work developing fresh commercial applications that use Puraffinity’s patented materials. Founded in 2015 by Henrik Hagemann & Gabi Santosa and spun out of Imperial College London, Puraffinity provides a differentiated solution to the world’s ever-growing PFAS problem as its technology consistently and reliably removes PFAS from water, in a much more cost-effective manner compared with conventional treatments. Puraffinity’s precision technologies place it at the forefront of the fight against PFAS, which have been linked to multiple health issues, including cancer. Developed in the 1940s, PFAS’ molecular make-up makes them resistant to water, grease and oil, meaning they have multiple industrial uses. However, these same qualities make them hard to destroy, hence the name “forever chemicals”, and according to the National Institute of Environmental Health Sciences, they have entered water supplies worldwide, with an estimated 97% of people having PFAS in their bodies. International regulators are examining bans or limits on the amount of PFAS drinking water can contain in an attempt to tackle the estimated €16 trillion annual cost of environmental remediation and healthcare costs. Puratech, the breakthrough adsorbent media that Puraffinity has developed, can be applied across use cases as it features a customisable plug-in solution that fits into any existing water treatment system. Puratech can also be tailored to capture specific PFAS compounds, ensuring that global users can meet the regulatory standards of different markets. The high-performing material also adopts a green chemistry technology which, according to Systemiq 2022, results in 60% less carbon emissions in its manufacturing than existing petroleum-based products. Henrik Hagemann, founder and Chief Product & Innovation Officer at Puraffinity, said: “Attracting such a respected water industry figure as Vincent, alongside nvestment from BGF underlines not only the progress Puraffinity has already made, but the incredible potential of the business. The new management structure will allow me to focus on accelerating our existing technologies and developing new product roadmaps, confident that Puraffinity’s business development is assured with Vincent as CEO.” Vincent Caillaud, CEO of Puraffinity, said: “At Puraffinity, we are delighted to join BGF’s growing network of climate tech start-ups as the company continues on its mission of providing PFAS-safe water to the world. With BGF’s expertise in helping start-ups in breakthrough technologies achieve transformational growth, we look forward to meaningfully expanding our commercial capability and extending the global reach of our patented PFAS-removal solutions.” Luke Rajah, investor at BGF, said: “Puraffinity is well-positioned to fulfil its vision of bringing PFAS-safe water to one billion people by 2030. BGF is thrilled to work with Puraffinity as it enters a new phase of rapid, global growth, taking a meaningful step towards enhancing water safety. BGF has developed a strong reputation for identifying and providing early-stage support for companies creating technologies which not only have huge potential but offer huge societal benefits.”
By Blewes Rush August 7, 2024
PFAS Forum V 2025 - Orlando, Florida, USA April 9-11, 2025 The PFAS Forum V is being organized to provide an understanding of the environmental issues related to PFAS, educate the environmental/remediation industry and regulatory community on the potential risks from PFAS, as well as discuss regulatory and legal issues, monitoring, treatment, cleanup and disposal technologies. To find out more, please click below.
An aerial view of a dock filled with lots of containers.
By Blewes Rush April 8, 2024
Chief Operating Officer: Pete Weaver joins Puraffinity
March 6, 2024
A Conversation with Henrik Hagemann, CEO & Co-Founder of Puraffinity
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