INSUBCONTINENT EXCLUSIVE:
FloWater, an eight-year-old, Burlingame, Calif.-based company whose reusable water bottle refilling stations produce purified water, has
raised $15 million in its first major round of funding
Bluewater, a Swedish company that sells water purifiers, among other things, led the round.FloWater caters to schools, colleges, fitness
obesity in the United States , which has been tied in part to the rise of sugary, carbonated beverages; the nearly 40 billion single-use
byproduct waste used to create and transport bottled water; and the toxins in single-use plastic bottles, including endocrine-disrupting
chemicals.It has a pretty compelling case to make, in short, as other purveyors of refilling stations would surely argue, and which clearly
persuaded 13 investors altogether (according to a new SEC filing) to write checks to the company.And it all started with an $18,600 bank
since founded a cold-pressed juice company.Per his LinkedIn, Taubman, says he used that bank loan to launch a pilot refill station, before
$2.6 million in Series A funding.FloWater customers include Google, Airbnb, Specialized Bikes and, somewhat ironically, Red Bull.It says its
stations are now in nearly 50 states.
