WaterSmart Software Closes $900K Seed Financing Round

WaterSmart Software, a San Francisco and San Diego-based water efficiency company, closed a $900,000 seed financing round.

The round was led by Menlo Incubator, with participation from Draper Fisher Jurvetson, Physic Ventures, and Sand Hill Angels.

WaterSmart intends to use the capital to continue to develop its customer engagement platform, which allows water utilities to accelerate adoption of residential water efficiency programs. The company currently has two pilot projects underway in California and will expand its pilot program to include four additional water utilities in 2011.
The programs enable homeowners to better understand how they use their water, how they compare to their neighbors and what specific, personalized things they can do to lower their bills.

Founded in 2009 by CEO Peter Yolles and Robert Steiner, WaterSmart is currently hiring software developers and designers.

In conjuntion with the funding, Gary Kremen, member of Sand Hill Angels and Co-Founder of Menlo Incubator, will join the company’s board.



Join the discussion