Waterplan, a San Francisco, CA-based climate platform that helps companies measure, respond, and report increasingly changing water risk, closed an oversubscribed $11 million Series A financing round. To date, the company has raised $18.5 million in total venture funding.
The investment was led by Base10 Partners, with co-founder and managing partner Adeyemi Ajao joining the Waterplan board. Previous investors also participated, including Giant Ventures & Transition Global, YCombinator, MCJ Collective, and the Branson Family, among others.
The financing allows Waterplan to accelerate investment in research and product development to advance the science of water risk management, innovate on its product platform, and improve the customer experience. The company also plans to expand its presence in the United States, Europe, Latin America, and Asia.
“Both governments and the private sector face existential challenges around how they manage their freshwater supply,” said Jose Ignacio Galindo, CEO and co-founder of Waterplan. “Disruptions are getting more frequent. The world is simply not responding at the pace and scale that is consistent with the problem. Taking action on water risks is essential for climate action, and it makes business sense.”
Waterplan’s SaaS platform, powered by artificial intelligence models, combines satellite imagery, and real-time climate change data from public and proprietary sources, along with private company information.
Company: Climateplan Inc.
Raised: $11.0M
Round: Series A
Funding Month: May 2023
Lead Investors: Base10 Partners
Additional Investors: Giant Ventures & Transition Global, YCombinator, MCJ Collective, and the Branson Family
Company Website: https://www.waterplan.com/
Software Category: Climate Platform
About the Company: Waterplan is a climate platform to help companies measure, respond and report changing water risks. Waterplan believes that by showing companies the business case for mitigation, they can accelerate the transition to a world where organizations are incentivized to save more water, abate the discharge of polluting effluents, conserve watersheds, and preserve shared value – the world’s freshwater supply. Waterplan customers include ABInBev, AWS, Colgate, Danone, Kurita, Omya, Meta, and more.
Source: https://www.globenewswire.com/news-release/2023/05/23/2674060/0/en/Waterplan-Announces-11-Million-in-Series-A-Financing-Round.html