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120WaterAudit lands $7m in funding

120WaterAudit’s software and kits are used by government agencies, public water systems and facilities tasked with executing regulated and voluntary water programmes.

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Software and testing kits help customers better manage water programmes
Software and testing kits help customers better manage water programmes

Water management software firm, 120WaterAudit, has raised $7m in a series A funding round. Funds will be used to enhance 120WaterAudit’s water programme management software platform and expand sales and marketing operations.

 

The Indianapolis-based firm’s software and kits are used by government agencies, public water systems and facilities tasked with executing regulated and voluntary water programmes.

 

Lack of testing

 

According to a 2018 study, nearly half of all US students go to schools in states that do not have specific programmes for testing drinking water and more than 40 per cent of schools returned samples with higher than recommended levels of lead.

 

“At 120WaterAudit, our mission is to help protect public health by providing the enterprise software and kits that transform the way our customers manage their water programmes,” said Megan Glover, CEO of 120WaterAudit.

 

“This funding provides us the opportunity to continue optimising our current capabilities and expand into other related industry and water management programs on a national scale.”

 

120WaterAudit recently announced the addition of its predictive intelligence module, which includes its Lead Service Line Probability Finder.

“This funding provides us the opportunity to continue optimising our current capabilities and expand into other related industry and water management programs on a national scale”

This functionality streamlines the lead service-line inventory process using geographic, demographic and customer data to pinpoint properties that need to be addressed, eliminating the need for complicated spreadsheets, the company claims.

 

The funding round was led by HG Ventures, the corporate venture arm of the Heritage Group, with participation from Allos Ventures and Greenhouse Capital.

 

“We have followed the 120WaterAudit story closely over the past few years and have been consistently impressed with their environmental vision and dedication to making communities safer and more aware of the quality of water they’re delivering to residents,” added Kip Frey, managing partner of HG Ventures.

 

“This partnership comes at a time where advanced digital technology is critical to ensuring the wellbeing of our current communities and future generations. We look forward to working hand in hand with 120WaterAudit to continue driving the company vision forward and improving the quality of today’s water supply.”

 

Frey and David Kerr, managing director of Allos Ventures, will join the 120WaterAudit board of directors.

 

120WaterAudi’s customers include: Indiana Finance Authority; Maryland Department of Environment; Chicago Public Schools; and Pittsburgh Water & Sewer Authority.

 

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