# Accelerated Filtration closes $4M seed funding round

Accelerated Filtration Inc. (AFI) of Midland, Michigan, closed a $4 million seed funding round led by Michigan Capital Network and others. The funds will be used to double production space at its Midland facility and ramp up global business development.

- Type: Investment
- Announced: 2023-05-12
- Where: Midland, Michigan, United States
- Value: $4.00M
- Status: announced
- Products: industrial water filtration systems, VelRay XTM filter
- Sectors: [Water Treatment Equipment](https://endata.com/sectors/water-treatment-equipment.md)

## Companies

- [Accelerated Filtration](https://endata.com/companies/70152.md)
- [Michigan Capital Network](https://endata.com/companies/70153.md) (investor)
- [Oxcart Equity Partners](https://endata.com/companies/70154.md) (investor)
- [Closed Loop Partners](https://endata.com/companies/70155.md) (investor)
- [Anthropocene Ventures](https://endata.com/companies/70156.md) (investor)
- [ID Ventures](https://endata.com/companies/70157.md) (investor)
- [Red Cedar Ventures](https://endata.com/companies/70158.md) (investor)
- [Northern Michigan Angels](https://endata.com/companies/70159.md) (investor)

## Sources

- [dbusiness.com](https://www.dbusiness.com/hustle-muscle/water-filtration-company-in-midland-closes-4m-seed-funding-round/), 2023-05-12: "AFI will use the funding to double the production space at its Midland manufacturing facility and ramp up its global business development efforts."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.