Spotless Water secures £550k from Blackfinch to expand its pure water station network
Blackfinch backed the Poole based pure water network to support station rollout and US expansion plans.
Spotless Water operates a nationwide network of self service pure water filling stations for commercial and domestic users. The firm supplies treated water through round the clock automated dispensing units.
Spotless Water has secured approximately £550k in seed funding from Blackfinch to accelerate the expansion of its pure water station network. The capital will enable the firm to increase its footprint across the UK and lay the groundwork for international expansion into the US market.
Founded in 2016 and based in Poole, the company operates nearly forty automated filling stations that serve window cleaners, car washers and other specialists requiring ultra pure water. Transactions occur frequently across the platform, which utilises a pay as you go app model.
Blackfinch stepped in to provide the capital despite broader economic challenges, allowing the business to maintain contingency stock while scaling its infrastructure. The investment will support the rollout of dozens of new units over the coming years.
From the founder
"The investment from Blackfinch means we can rapidly scale up our network – it’s very exciting for the company. It also puts us in a good position when it comes to our US expansion plans."
Tim Morris
Founder and Chief Executive Officer at Spotless Water
Investor perspective
"The Spotless Water team has already built an impressive business. We’re delighted to be supporting their growth ambitions."
Reuben Wilcock
Head of Ventures, Blackfinch Ventures
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
Spotless Water
Spotless Water provides automated pure water stations across the UK.