Flume Water, a San Luis Obispo, CA-based company that brings connectivity and intelligence to residential water use, received an investment from HCAP Parters.
The amount of the deal was not disclosed.
The funds will be used for growth purposes to expand its sales and product marketing capabilities focused on utilities and strategic partners and add engineering talent.
Led by CEO Ric Miles, Flume provides real-time water use information to protect the home, put the power of water consumption and conservation in the customer’s hands, and improve the relationship with the resource. Using Flume, homeowners can save water through 24/7 water monitoring for indoor and outdoor water consumption, customizable leak detection, detailed breakdowns and insights into individual water appliances, and suggested water budgets. With an installation process requiring no plumbers or pipe cutting, Flume provides the in-depth water use details and control functionality necessary to mitigate issues before they result in high water bills or costly damages. Its Smart Water System consists of an easy-to-install sensor that adapts to most existing home water meters, which communicates water use to the homeowner in real-time.
To date, Flume has tens of thousands of devices installed across the United States.
FinSMEs
08/07/2023