On January 4, 2017, APANA Inc. closed the transaction. The company received $2,768,002 in its second tranche of series A round of funding. The company received $4,473,093 in funding in this round. The round is led by new investor Kurita Water Industries Ltd. (TSE:6370). The transaction involved participation from 18 investors including The Urban Innovation Fund, Element 8, and Cowles Company. The company also issued option, warrant or other right to acquire another security in the transaction.