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120WaterAudit Tests VC Funding Taps with Series A

15 October 2019
Research Note

On 17 September 2019, U.S. digital water startup 120WaterAudit closed its Series A funding round, securing US$7 million from a trio of venture capital (VC) investors. The round was led by HG Ventures (investment arm of U.S. environmental services firm The Heritage Group), with participation by environmental impact investor Greenhouse Capital Partners and Midwest-focused technology investor Allos Ventures.

120WaterAudit provides software and hardware solutions that support municipal organizations in managing their lead monitoring and compliance programs.

In this Research Note, Bluefield analyzes:

  • Lead contamination in drinking water since Flint
  • Digital solutions targeted toward lead management
  • Water systems in violation of the EPA’s Lead and Copper Rule
  • 120WaterAudit’s product offerings and new position in the water quality market

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