i2O Water secures £8m funding to support expansion
i2O Water, the Smart Water Networks company, today announced that it has secured additional funding of £8 million to expand its research and development (R&D) activities in Southampton, UK, and provide additional commercial and technical support for its growing global network of partners and resellers.
This financing round was supported by existing investors Naxos Capital Partners and Nemadi Advisers, as well as new investor Ombu Group. i2O Water has now secured a total of £31 million in seed and venture capital funding since it was founded in 2005.
i2O Water’s patented Smart Pressure Management technology enables water companies to optimise the performance of their water distribution networks. It is currently used by 66 water companies and utilities around the World to save 235 million litres of water every day and ensure supply to many millions of people.