The $200M Unconventional Exit of Cambrian: Great or Bittersweet?

(don't) Waste Water! | Water Tech to Solve the World

In November 2023, Cambrian announced a $200 Million Growth Equity commitment from Pennybacker. That came along a bizarre move: Pennybacker was also acquiring Cambrian (for an undisclosed amount).

So, what's to think of this? What factors led to this unconventional move? Why would I feel there's a bittersweet taste to it? What does it actually mean for other water tech companies? Why is it great news for early-stage water investors? And... who's Cambrian, if you never heard of them?

Let's explore!

More #water insights? Connect with me on Linkedin: https://www.linkedin.com/in/antoinewalter1/

#️⃣ All the Links Mentioned in this Episode #️⃣

Cambrian's Website: https://www.cambrianinnovation.com/

Pennybacker Capital's Website: https://www.pennybackercap.com/

My interviews with Matthew Silver (be kind; it was a while ago, and my sound quality dramatically improved in between 😅)

• Part 1: https://smartlink.ausha.co/dont-waste-water/s2e3-can-this-astonishing-aerospace-technology-improve-beer-s-taste

• Part 2: https://smartlink.ausha.co/dont-waste-water/s2e5-how-to-get-water-as-a-service-below-utility-prices-with-zero-money-down

Recommended next video to watch: https://www.youtube.com/watch?v=Q4AmlA0DbKQ

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⏰ TIME CODES ⏰

00:00 Cambrian: from MIT and NASA to Impact

01:32 Cambrian: the New American Water?

06:50 What led to Cambrian's "bizarre" exit?

12:41 A Bittersweet deal?

13:31 Why is it GREAT news, still?

14:24 What does it mean for the future?

#WaterTech #WaterTechnology #WaterInvestment

About this Podcast: Welcome to the (don't) Waste Water podcast! In each episode, Antoine Walter from DWW Media shares water, wastewater & water entrepreneurship stories. This show will teach you the water industry like you've never seen it. If you're asking how the water sector will overcome the water crises ahead, this episode is for you.

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