Three years after its launch, Swiss IoT-powered cleantech startup Droople offering digital water management solutions, announces that it has raised seed round funding totaling CHF1.5 million from private investors.
The investment will support Droople’s continued market expansion on the three continents, aiming to cover EMEA, NA and APAC markets. The funds will also help to scale Droople’s supply chain and operations to meet the growing demand while ensuring Swiss quality products and solutions. Finally, they will contribute to consolidate the company organization, processes, and governance. To support the company growth, Droople headquarters will move from Mont-sur-Rolle to Puidoux, where new larger offices will welcome the quickly growing teams.
Droople AI-powered Water Intelligence platform is designed to digitize water-based assets worldwide, including sanitary ware, water treatment systems and appliances, by giving its customers real-time access to the actionable data, bringing transparency, and allowing to optimize their water and energy use.
“We believe that IoT technologies will reinvent the last mile water industry by monitoring 36+ billion water assets off radar today”, comments Ramzi Bouzerda, founder and CEO of Droople. “The Droople Water Intelligence Platform will be a game-changer boosting the water industry digital transformation. At Droople, we are convinced from the first day that the sustainable management of global water resources will be at the core of the Circular Economy of tomorrow”.
“We are already working with some of the biggest names in the water industry to digitize a range of water assets with our smart and flexible Water Intelligence solutions, adds Peter Racz, Co-founder and Head of Business Development at Droople. “This investment will help us to grow our customer base and expand our AI capabilities to advance the future of the water industry worldwide. We are committed to realize our vision of making the world aware that water is our shared source of life. “
Sacha Labourey, CEO of CloudBees, adds as Lead Advisor and Investor: “It’s been a privilege to be on the front row of the Droople’s adventure since their inception. I’ve collaborated with its co-founders, Ramzi Bouzerda and Peter Racz, and saw Droople evolve from the initial idea through the product-market fit towards the first commercial wins. With this round just closed, I’m excited to see their go-to-market investments convert into growth. Onward!”
(Press release)
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