BayTech leads inge deal

German water treatment company, inge watertechnologies, has raised €5m from a range of venture capital firms.

New investor BayTech Venture Capital led the round, joined by existing backers Taprogge Watertech, Emerald Cleantech Fund I, Sustainable Performance Group, Siemens Venture Capital, StoneFund and Entrepreneurs Fund.

Established in 2000, inge specializes in ultrafiltration, producing a membrane technology used to treat drinking water, process water, wastewater and sea water.