Novo Holdings, Export and Investment Fund of Denmark (EIFO), MatiTech, Evonik Venture Capital and AP Ventures led a €14m investment round in HPNow.

Novo Holdings, a holding and investment company, Export and Investment Fund of Denmark (EIFO), a national promotional bank and export credit agency, MatiTech, a technology company challenging water treatment norms, Evonik Venture Capital and AP Ventures, both venture capital companies, led a €14m investment round in HPNow, a Danish pioneer in sustainable water treatment solutions. “Danish Power-to-X pioneers like HPNow are leading the way to a more sustainable future. From agriculture to industry, their technology, originally developed at the Technical University of Denmark, represents a multi-billion Euro market opportunity for safe, sustainable and affordable water treatment,” Jonas Bjaaland, EIFO Investment Director.