Edison Partners, a growth equity investment firm, recently announced a $43 million growth investment in 120Water, a leading cloud-based water management and testing system based in Zionsville.
According to the company, the money will further expand the 120Water team, technology investments and go-to-market efforts.
“Over the past seven years, 120Water has built a highly scalable, cloud-based, end-to-end platform unlike any others,” stated General Partner Ryan Ziegler, a member of Edison Partners’ board of directors. “(120Water) Co-founder and CEO Megan Glover is a water quality expert with a strong vision, matched with a highly effective team. We’re proud to partner with 120Water, which is helping utilities at all levels of scale tackle these daunting federal and state requirements efficiently, affordably and with modern technology.”
120Water is the only platform offering a complete, end-to-end digital water compliance solution with its data collection and aggregation solution, testing capabilities, kit provision, program management and consulting services, according to Edison Partners.
“With public access to water utility lead service line inventories next year, we expect heightened awareness and increased public demand for quicker remediation in water quality,” Glover stated. “In this next expansion phase for our company, we feel well prepared with the partnership and operating expertise that Edison offers as we continue to grow and confidently support this impending demand.”
For more, visit 120Water.com.