Public Water Safety Startup Draws $7M Investment Round

120WaterAudit provides water testing, as well as software for finding lead pipes and managing compliance programs. Launched in 2016, the company operates in 12 states and has now pulled in a Series A investment round.

by / September 19, 2019

An Indiana-based startup that offers software and lab testing for public water infrastructure has raised $7 million in investment capital.

The company, 120WaterAudit, plans to use the Series A money to hire more sales and marketing staff as well as build out its cloud platform. The startup’s current offerings include physical testing kits to find lead and other contaminants in water, software to help track water safety program compliance and, most recently, predictive analytics to help agencies find lead-based pipes.

Lead pipes have become an urgent infrastructure concern in state and local government ever since 2014, when contamination in the water supply of Flint, Mich., exposed thousands to elevated levels of the substance.

Of course, the problem of lead pipes is not contained to Flint, or Michigan, and public water agencies across the U.S. are tasked with monitoring lead levels as well as replacing old pipes. Much of that work, according to 120WaterAudit, is done on spreadsheets. Like many other gov tech companies, 120WaterAudit seeks to replace those spreadsheets with programs built to handle the specific tasks its customers need to complete.

120WaterAudit, launched in 2016, said in the statement that it “manages over 150,000 locations in 12 states impacting more than 4.5 million lives.” Its customers include the Indiana Finance Authority, Maryland Department of Education, Chicago Public Schools and the Pittsburgh Water and Sewer Authority.

The company does not appear to have raised a seed funding round before the current Series A, though it did win $100,000 through the Rise of the Rest pitch competition in 2017 and participate in the 2019 cohort of the Imagine H2O accelerator. Investors in the Series A include HG Ventures, Allos Ventures and Greenhouse Capital.

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