FloWater Just Raised $15 Million To Put Bottled Water Out Of Business

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FloWater, an eight-year-old, Burlingame, Ca.-based company whose reusable water bottle refilling stations produce purified water, has raised $15 million in its first major round of funding.

FloWater caters to schools, colleges, fitness centers, hotels, and offices, and, in the words of CEO Rich Razgaitis, set out to address four environmental concerns from the outset: obesity in the U.S., which has been tied in part to the rise of sugary, carbonated beverages; the nearly 40 billion single-use plastic water bottles that are used up and tossed aside every year; the millions of barrels of oil and hundreds of millions of pounds of CO2 byproduct waste used to create and transport bottled water; and the toxins in single-use plastic bottles, including endocrine-disrupting chemicals.

FloWater customers include Google, Airbnb, Specialized Bikes, and, somewhat ironically, Red Bull.

Read more at Tech Crunch.

{Matzav.com}

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