GAST Clearwater, a US-based water treatment company, artificial beach, and property developer, has successfully closed its Pre-Series A round with full support from Draper Associates. GAST Clearwater has gained recognition in the industry for its innovative treatment technologies, employing electricity to treat water and earning the nickname “Tesla of Water.” The company has been acknowledged as one of the most advanced water treatment firms globally.

Over the past three years, there has been a significant shift in the investment industry towards water technologies and infrastructure. This shift was highlighted at the United Nation’s water treatment conference in March in New York, which emphasized the global water crisis. As high-value deals continue to be finalized, it is no surprise that Draper Associates has decided to invest in GAST Clearwater.

GAST Clearwater offers services to various industries, including real estate, aquatics, oil and gas, sewerage, waste water, drinking water, municipal, aerospace and defense, food and beverage, mining and industrial, PFAS treatment, and artificial beaches. The company’s offerings also include mobile discharge to potable water units and package plant-based solutions.

Draper Associates, led by Tim Draper, has a reputation for investing in technology companies that show exceptional promise. With previous investments in companies such as Coinbase, Tesla, and Skype, Draper Associates recognizes GAST Clearwater’s potential for disruptive growth. The firm believes that GAST Clearwater’s advanced water treatment technologies, capable of destroying PFAS and developing surf parks and artificial beaches, have the potential to redefine industry benchmarks.

Both GAST Clearwater and Draper Associates have legal representation from Womble Bond Dickinson (US) LLP and Brubaker Law LLP, respectively.

In conclusion, GAST Clearwater’s Pre-Series A round has successfully concluded with the backing of Draper Associates. The partnership between the two companies aims to revolutionize the water treatment industry and address the global water crisis.

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