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- Via Separations raises $36 million to expand into refining and chemicals markets
- The round included participation from major investors, including Climate Investment (CI), Aramco Ventures, and Marathon Petroleum Corporation.
Via Separations, a company specializing in industrial separation process solutions, has raised $36 million in a new funding round, with participation from several new investors, including Climate Investment (CI), Aramco Ventures, and Marathon Petroleum Corporation, alongside existing backers such as Embark Ventures, The Grantham Foundation for the Protection of the Environment, Massachusetts Clean Energy Center (MassCEC), and Safar Partners.
The new capital will be used to accelerate the deployment of Via’s modular filtration platform across the refining and chemicals sectors, following its proven success in the pulp and paper industry.
The technology is designed to help industrial operators reduce energy consumption, improve uptime, strengthen operational resilience, and lower emissions.
The company’s modular membrane-based separation system eliminates reliance on heat in chemical separation processes, reducing energy consumption at thermal separation stages by up to 90%.
This significantly lowers operating costs while improving efficiency and supporting the shift toward electrified industrial processes.
Mike Bishop, Investment Director at Climate Investment, said:
“Thermal separations represent one of the largest and least-addressed sources of industrial energy consumption”.
He add:
“Via’s modular platform offers a practical path to electrifying processes that have relied on heat for more than a century, while reducing energy use, improving reliability, and significantly cutting emissions.”
Tibor Toth, Senior Investment Director at Aramco Ventures, added:
“We invest in differentiated technologies that can deliver clear operational value at scale. Via’s modular platform addresses a critical step in industrial processing and has strong potential to improve efficiency and unlock additional capacity within existing refining and chemical assets.”
Shreya Dave, CEO of Via Separations, said:
“By proving our technology commercially in one sector, we have built the foundation to scale into the much larger refining and chemicals markets”.
He add:
“This investment will enable us to deliver more commercial projects, expand manufacturing capacity, and accelerate global adoption of membrane-based separation technologies.”
About Via Separations
Founded in Watertown, Massachusetts, and spun out of the Massachusetts Institute of Technology (MIT), Via Separations provides industrial customers with cost-saving and process optimization solutions by electrifying chemical separations through advanced filtration systems, reducing energy consumption by up to 90%.
About Climate Investment (CI)
Climate Investment is a specialist investor focused on industrial decarbonization, providing venture and growth capital to scaling companies while supporting the commercial adoption of technologies that reduce greenhouse gas emissions.
About Aramco Ventures
Aramco Ventures is the venture capital arm of Saudi Aramco, investing globally in high-growth startups with strategic technologies focused on decarbonization, digital transformation, and lower-carbon fuels.
