Next Frontier Capital Announces Investment in Montana-Based Clearas Water Recovery

BOZEMAN, Mont. - March 22, 2016 - PRLog -- Next Frontier Capital, a Montana venture capital firm today announced a $750,000 investment in Clearas Water Recovery. Clearas is a leading provider of advanced, biological wastewater treatment technology capable of delivering best-in class performance with an economic advantage over existing, petrochemical based options. Next Frontier's investment allows Clearas to close out its $4 million Series B round and focus on the acceleration of commercial efforts, optimization of technology and the ability to retain and attract top talent, as the company is experiencing significant market demand and growth.

Said Richard Harjes, General Partner of Next Frontier, "We are proud to join forces with the Clearas team as they deploy their innovative solution for eliminating excess nutrients from wastewater. This investment supports our thesis that Montana technology entrepreneurs are working on problems of national and global scale, deserving capitalization and support."

"With a focus on supporting Montana-based businesses and a broad network of technology experts, Next Frontier is an ideal partner for Clearas" said Jordan Lind, Chief Executive Officer. "We are excited to be engaged with a firm that is focused on Montana-based businesses succeeding at the global level."

Through executed projects, Clearas has successfully demonstrated the ability of its patented ABNR™ solution to achieve best-in-class performance with a sustainable and economic advantage. As a bolt-on to existing infrastructure, ABNR is chemical free and provides both phosphorus and nitrogen recovery using a single technology.

In 2015, Clearas made significant technology optimization advancements, partnered with key industry vendors and distributors, and developed a critical network of stakeholders and long-term customers. The firm remains focused on delivering best-in-class results for industrial and municipal dischargers, and has several commercial projects in development.

ABOUT NEXT FRONTIER CAPITAL

Founded in 2015, Next Frontier Capital's focus is to partner with mission-driven, talented entrepreneurs to build Montana technology companies of impact, utility and value. The Fund, backed by investors from the world's top technology and venture capital firms, seeks Montana technology investment opportunities primarily in industries dominated by high intellectual property values. The Fund serves as a trusted local syndicate partner to non-Montana venture capital firms, while providing Montana entrepreneurs with company formation and growth expertise and accelerated access to talent, partners, and customers.

ABOUT CLEARAS WATER RECOVERY

Clearas is the leading provider of advanced, biological-based, water treatment technologies for municipal and industrial point source dischargers.  Our proprietary technology leverages algae's biological benefits in a carefully controlled and continuous flow environment that removes nitrogen, phosphorus and other harmful nutrients found in industrial water discharge and wastewater effluent.  Visit www.ClearAsWater.com for more information.