Utilities
Digital Solutions
Europe
Monday, 22 November 2021

Klir the way: Digital water firm raises $16m Series A

Canadian company Klir is the latest to ride the new wave of investment starting to flow to digital water solutions.

A single integrated platform

Canadian company Klir is the latest to ride the new wave of investment starting to flow towards digital water solutions.

The company raised $16 million Series A investment by New York-based global private equity and venture capital firm, Insight Partners.

The company is currently working with utilities including the Southern Nevada Water Authority, through to Urban Utilities in Queensland, Australia.

Promising a cloud-based, “single integrated platform” to help manage watershed-level operations, Klir offers a Software as a Service (SaaS) model.

David Lynch, co-founder and CEO of Klir, said: “The climate crisis has brought water into the forefront for VCs (venture capitalists). Klir is built on the premise that water works in nature as a single system – and that’s how it must be managed.”

He said the investment will allow the firm to “rapidly expand the depth of our product, and deliver a complete solution for water management that our users so critically deserve”.

Josh Fredberg, managing director of Insight Partners, said: “Water is an under-tapped market that we are increasingly excited about.”

The news is a positive sign for digital start-ups wishing to attract previously locked investment.

It follows SaaS company Transcend securing $10 million private equity investment, as well as Island Water Technologies’ sensor platform, Sentry, raising a $2 million Series A.


Share your water technology stories with us
Do you have an innovation, research results or an other interesting topic you would like to share with the international water technology industry? The Aquatech website and social media channels are a great platform to showcase your stories!

Please contact our Sr Brand Marketing Manager Annelie Koomen.

Are you an Aquatech exhibitor?
Make sure you add your latest press releases to your Company Profile in the Exhibitor Portal for free exposure.

Receive the best newsletter on water - straight to your inbox!

We promise never to send you spam and you can unsubscribe at any time!