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Angeli Capital Invests $2 Million in ecoSPEARS

Michelle Kellett by Michelle Kellett
February 2, 2024
in Eco ☆ Conservation
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Angeli Capital Invests $2 Million in ecoSPEARS
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Angeli Capital is an investment group based in South Florida that focuses on environmental clean-tech. They have invested $2 million in ecoSPEARS, which is a leading provider of remediation technology developed by NASA to permanently remove harmful chemicals from water, sediment, and soil.

As a result of this investment, ecoSPEARS has appointed Gerald J. Angeli, who brings over 30 years of experience in the technology sector, as the new President and General Manager. He has a proven track record of leading companies through rapid growth and expansion, having previously worked as the President and General Manager at ACR Electronics, and as the Sr. VP, Director of Operations at Concord Camera.

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In his new role, Angeli will be responsible for all aspects of ecoSPEARS’ operations, including sales, marketing, finance, and human resources. He will also develop and execute a rapid-growth expansion strategy to meet the growing demand for ecoSPEARS’ services, which involve the elimination of forever chemicals in the environment (soil, sediment, and water).

“We are thrilled to welcome Gerry to ecoSPEARS as our new President and General Manager,” said Sergie (Serg) Albino, CEO at ecoSPEARS.

“Gerry’s deep experience in the manufacturing and technology sector and his proven track record of success make him the ideal leader to guide ecoSPEARS through this expansive growth phase.”

“I am excited to join ecoSPEARS at such a pivotal time,” says Angeli. “ecoSPEARS’ cleantech solutions, invented and validated by NASA, address the ‘forever chemicals’ that are everywhere, and have proven to be one of the most pressing environmental challenges of our time.”

“The investment from Angeli Capital is the precursor to the Series A investment round, which will be used to scale up ecoSPEARS operations to meet the demand from our customers around the world.”

Michelle Kellett

Michelle Kellett

Deputy Editor, Investing and Corporate News

Belmont Newsroom

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