ZIONSVILLE – Zionsville-based 120WaterAudit LLC has closed on a $7 million Series A round of funding. The company says it plans to use the funding to enhance its digital water cloud platform and expand sales and marketing efforts. The funding round was led by Indianapolis-based HG Ventures, with participation from Allos Ventures in Indy and California-based Greenhouse Capital Partners.
120WaterAudit’s platform includes software and testing kits to help government agencies, public water systems and schools, among other clients, manage their drinking water programs. In a news release, Chief Executive Officer Megan Glover says the funding will allow the company to continue optimizing its current capabilities and expand into other industry and water management programs on a national scale.