Novinda was formed in 2009 as a spin out of CH2M HILL to commercialize environmental technologies for the power utility industry. Seeking an economically attractive solution to remove mercury from coal-fired power plant emissions, the eight years of development and testing of the company's first product, Amended Silicates, was jointly funded by the Environmental Protection Agency (EPA), the U.S. Department of Energy (DOE), and CH2M HILL. The Company's investors include CH2M HILL, New Venture Partners, and the Altira Group.
| Date | Amount | Type | Investors | Valuation |
|---|---|---|---|---|
| 02/13/12 | $6,000,000 | Series C |
Altira Group New Venture Partners | undisclosed |
