- WINT Water Intelligence recently announced it raised $15 million in funding. These are the details.
WINT Water Intelligence — a leader in cutting-edge water management and leak-prevention solutions for construction, commercial and industrial applications — recently announced it has completed a $15 million Series B funding round. This funding round was led by Insight Partners with participation from existing investors including Marius Nacht, one of Israel’s leading serial entrepreneurs, founders, and investors.
The funding round also included numerous global construction and real-estate companies, who are keenly looking to solve the challenges posed by water sustainability and damage in their facilities and construction sites. And this includes Suffolk Construction, a national technology-driven general contractor, the Consensus Business Group, the U.K.’s largest owner and manager of residential and commercial property, Tidhar, Electra, Ashtrom, Rogovin, and the Israel-Canada group.
This investment drives WINT’s continued market expansion and innovation to help owners, contractors, facility managers, and insurers prevent water damage and improve their sustainability stance with reduced carbon and water footprints.
Water waste and leaks have persistent challenges for industries across the built environment by contributing to global water scarcity and carbon emissions, with 13% of electricity consumption in the United States related to water distribution and treatment. And water damage in facilities is a major source of insurance claims, with over $13 billion in annual payouts. WINT helps organizations eliminate water damage, reduce consumption by 20%-25%, and cut operational expenses and environmental footprint.
KEY QUOTES:
“We’re excited to have Insight Partners join and help us accelerate growth. The combination of Insight’s experience in scaling up innovative startups, combined with the broad endorsement from leading GCs and real-estate companies who joined our journey will allow us to continue our drive to eliminate water damage, waste, and carbon emissions in buildings.”
— WINT’s CEO, Alon Geva
“WINT solves some of today’s key challenges in the real estate, construction, and property insurance industries, which are primed for significant technological disruption and transformation. We were greatly impressed by WINT’s market traction, growth, and breadth of vision and we look forward to partnering with them as they build a leading position in this industry.”
— Nikitas Koutoupes, Managing Director at Insight Partners
“Water leak damage, waste, and their resulting carbon emissions can be major issues on construction sites and in real estate facilities operations. We are excited to be an investor and to partner with WINT to accelerate market adoption of this important solution that improves sustainability of the built environment.”
— Wan Li Zhu, Managing Director of Suffolk Technologies, the venture capital platform of Suffolk
