About 120Water
120Water is a company based in Zionsville (United States) founded in 2016.. 120Water has raised $57.56 million across 6 funding rounds from investors including CareSource, Edison Partners and Allos Ventures. 120Water offers products and services including LCR Compliance Software, Lead Water Testing, and LSL Inventory Platform. 120Water operates in a competitive market with competitors including RiverApp, Aquatic Informatics, Hydromax USA, BiOceanOr and WaterSuite, among others.
- Headquarter Zionsville, United States
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Sectors
Environment
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Email
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$57.56 M (USD)
in 6 rounds
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Latest Funding Round
$43 M (USD), Series B
Jan 10, 2024
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Investors
CareSource
& 4 more
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Employee Count
Employee Count
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Products & Services of 120Water
120Water offers a comprehensive portfolio of products and services, including LCR Compliance Software, Lead Water Testing, and LSL Inventory Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for managing Lead and Copper Rule compliance and data unification.
Service to simplify water sampling and identify contamination hotspots.
Platform for tracking and replacing lead service lines efficiently.
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Funding Insights of 120Water
120Water has successfully raised a total of $57.56M across 6 strategic funding rounds. The most recent funding activity was a Series B round of $43 million completed in January 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series B — $43.0M
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First Round
First Round
(17 Mar 2017)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2024 | Amount | Series B - 120Water | Valuation | Edison Partners | |
| Jul, 2022 | Amount | Series A - 120Water | Valuation | CareSource , Elevate Ventures |
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| Mar, 2021 | Amount | Series A - 120Water | Valuation | HG Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 120Water
120Water has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include CareSource, Edison Partners and Allos Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Provider of a growth equity firm for adaptive and personalized plans
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Founded Year | Domain | Location | |
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Venture capital is provided to high-potential tech companies in the Midwest.
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Founded Year | Domain | Location | |
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Early-stage investments are made in diverse sectors by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 120Water
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 120Water
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
120Water Comparisons
Competitors of 120Water
120Water operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as RiverApp, Aquatic Informatics, Hydromax USA, BiOceanOr and WaterSuite, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
River conditions are monitored via a smartphone application.
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| domain | founded_year | HQ Location |
Data management software is offered for water resource monitoring.
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| domain | founded_year | HQ Location |
Monitoring of water supply infrastructure
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| domain | founded_year | HQ Location |
Provider of AI-powered water quality forecasting for aquaculture
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| domain | founded_year | HQ Location |
Cloud-based water intelligence software for utilities is offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 120Water
When was 120Water founded?
120Water was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is 120Water located?
120Water is headquartered in Zionsville, United States. It is registered at Zionsville, Indiana, United States.
Is 120Water a funded company?
120Water is a funded company, having raised a total of $57.56M across 6 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Mar 17, 2017.
What does 120Water do?
Provider of digital water management solutions for government agencies and water systems. It offers software and digital sampling kits to manage water safety, compliance, and wastewater monitoring programs. The platform unifies data and simplifies tasks such as Lead and Copper Rule compliance, sampling processes, and public transparency initiatives. Services include lead service line inventory and replacement support, predictive modeling, and tools for consumer engagement. The company also provides support and guidance to its clients.
Who are the top competitors of 120Water?
120Water's top competitors include BiOceanOr, Ocean Ecostructures and RiverApp.
What products or services does 120Water offer?
120Water offers LCR Compliance Software, Lead Water Testing, and LSL Inventory Platform.
Who are 120Water's investors?
120Water has 5 investors. Key investors include CareSource, Edison Partners, Allos Ventures, Elevate Ventures, and HG Ventures.