Battery Ventures takes majority stake in water-safety provider Phigenics
The Illinois company serves more than 250 customer organizations, including hospital systems, VA facilities and ambulatory surgery centers.
Battery Ventures made a majority growth investment in Phigenics, a provider of water-management technology and services based in Warrenville, Illinois. Founded in 2004, Phigenics combines accredited laboratory testing, sensors and its phiAnalytics software to help facilities manage waterborne pathogen risks.
Its more than 250 customer organizations include hospital systems, VA facilities and ambulatory surgery centers. The investment will support product development and expansion into markets including hospitality and retail.
CEO Mark Crockett and the existing management team will continue leading the business.
Deal facts
- Target
- Phigenics
- Buyer
- Battery Ventures
- Sponsor
- Battery Ventures
- Deal type
- Platform
- Headquarters
- Warrenville, IL
- Status
- Announced, not yet closed
- Announced
- Thursday, September 17, 2026
Sources
- Business WireSep 17, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.