WINT Water Intelligence, a pioneering company specializing in advanced water management and leak-prevention solutions for a wide range of applications including construction, commercial, residential, and industrial sectors, has successfully concluded a Series C funding round amounting to $35 million. This funding aims to fuel ongoing growth and innovation in the realm of AI- and IoT-driven water management solutions, designed to effectively handle water and mitigate water-related damages throughout the entire lifecycle of a building.
Leading the Series C round were two prominent entities: Inven Capital, a renowned European climate technology fund, and Insight Partners, a global investor in software solutions who also spearheaded WINT’s B round. The funding drive saw participation from Taronga Ventures, a top-tier investor in real asset technology, along with other investors specializing in property technology and construction technology. This strategic investment by diverse stakeholders provides WINT with valuable access to new markets.
“Inven Capital was deeply impressed by WINT’s mission to introduce sustainability and risk mitigation into water management, coupled with their rapid ascent to market leadership in this rapidly expanding sector,” commented Michal Mravec, Investment Director at Inven Capital. “Their impressive growth trajectory, focus on customer value, cutting-edge technology, and global delivery capabilities form an incredibly potent combination. We’re enthusiastic about the opportunity to collaborate with their exceptional team to drive WINT’s sustained expansion and contribute positively to our world.”
This successful Series C round reinforces WINT’s objectives of global market expansion and continuous technological advancement. The investment reflects the pressing global need for WINT’s solutions, as stakeholders such as contractors, owners, tenants, and insurers seek robust answers to the challenges of water leaks and their associated costs. Furthermore, the investment underscores the escalating impact of worldwide water stress and the immediate necessity for water management solutions that not only combat water wastage but also curb associated carbon emissions.
“At a juncture when water scarcity and climate change emerge as critical global concerns, and the financial toll of water leak damages in buildings becomes untenable for insurers, owners, developers, and contractors, we are thrilled to conclude this funding round,” stated Alon Geva, CEO of WINT. “Our collaboration with Inven and other leading investors in real estate and climate technology fills us with optimism. We are confident their backing and industry expertise will play a pivotal role in addressing these significant challenges within the built environment.”
WINT empowers contractors, developers, owners, and facility management teams with innovative tools to manage water at every stage of a building’s existence, spanning from construction to operational phases. Leveraging AI-driven solutions, WINT aids companies in eradicating water wastage and the ensuing carbon emissions, while simultaneously preventing water damage on construction sites and in commercial and residential properties.