What is 120Water?
120Water positions itself as the nation's fastest-growing digital water company. Its platform offers a turnkey solution designed to simplify the complexities of drinking water and wastewater program management and compliance. The company's mission is to revolutionize the water industry by providing accessible tools for managing water programs, thereby enhancing public health and environmental stewardship.
How much funding has 120Water raised?
120Water has raised a total of $7.3M across 2 funding rounds:
Series A
$7M
Debt
$350K
Series A (2020): $7M with participation from HG Ventures
Debt (2020): $350K led by PPP
Key Investors in 120Water
PPP
Public-Private Partnership
HG Ventures
HG Ventures is an investment firm that typically focuses on companies driving innovation and technological advancement, suggesting a strategic interest in 120Water's digital transformation capabilities within the water sector.
What's next for 120Water?
The substantial enterprise-level investment in 120Water signals a strategic push towards scaling its operations and expanding its market reach. This capital infusion is expected to fuel further platform development, enhance customer acquisition efforts, and potentially explore new verticals within the water management sector. The company's focus on compliance and simplification positions it favorably to capitalize on increasing regulatory demands and the growing need for digital transformation in the water industry.
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