120WaterAudit, an Indianapolis-based cloud water software platform, raised $7m in Series A funding.
The round was led by HG Ventures — the corporate venture arm of The Heritage Group, with participation from Allos Ventures and Greenhouse Capital. In conjunction with the funding, Kip Frey, Managing Partner of HG Ventures and David Kerr, Managing Director of Allos Ventures, will join the 120WaterAudit Board of Directors.
The company intends to use the funds to enhance its Digital Water Cloud platform and expand sales and marketing.
Led by Megan Glover, CEO, 120WaterAudit provides a cloud based software platform and kits for government agencies, public water systems and facilities to manage and execute water and infrastructure programs.
The company manages over 150,000 locations in 12 states impacting more than 4.5 million lives. Customers include Indiana Finance Authority, Maryland Department of Environment, Chicago Public Schools, and Pittsburgh Water & Sewer Authority.