Euthenia Capital, a New York based angel group focused on social and environmental impact investments, has participated in RME’s $2.5 million Convertible Note round. RME CEO said; “We are pleased that Euthenia has recognized the value of what we are doing and the potential positive impact we can have on the health and welfare of millions of people who suffer from the ill effects of water scarcity.”
Eugene Lee of Euthenia Capital added; "RME's social impact surpasses most impact investments in focusing its considerable technological and intellectual capital on the water shortages faced by poorer residents in developing countries. Bill and Olivier have honed RME’s technology and scalable business model through years of testing, development, and building corporate and governmental partnerships. We are proud to join the ranks of RME's supporters that include the US Department of Energy in helping RME supply clean water and local jobs in areas of great need."