According to MIOX CEO Carlos Perea, 'This investment led by DCM will enable MIOX to take full advantage of its outstanding and proven on-site generation technology and move more rapidly into strategic markets. The demand for safe, treated water continues to grow throughout the world. Our new partner, DCM, provides exceptional experience in global market development and will be integral to our plans to grow internationally. We are excited that they have joined our existing group of investors.'
Tom Blaisdell, a general partner at DCM, noted, 'MIOX is an outstanding company that complements our investment objectives in clean technology and our mission to help entrepreneurs address global needs and successfully bring products to markets. We understand the tremendous growth potential in the water sector and also recognize that MIOX technology has multiple applications within the sector. With DCM teams in the United States and Asia, we look forward to helping MIOX access global markets while they continue to build on their track record of successful product innovation.'
Jeff Loomans, partner at Sierra Ventures, added, 'Sierra remains excited about the growth rate of the water segment and the potential for global expansion. MIOX has assembled a strong management team and is poised to continue its rapid development.'