OriginOil’s bet on Ennesys pays off 30-fold

January 21, 2014 |

In France, OriginOil Inc., developer of Electro Water Separation™ (EWS), and Ennesys SAS, the developer of environmental energy systems for sustainable buildings, announced that Ennesys recently closed a funding round of 300,000 euros through Wicap Ennesys, a special vehicle created by French crowdfunding site Wiseed. The pre-money valuation on this latest round of funding was about $6 million, multiplying OriginOil’s seed investment in the joint venture by thirty times.

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