Water management company VivoAquatics has secured equity funding to consolidate its position as a leading provider of real-time water monitoring and automation.
The Series A financing is led by Level Equity, a growth equity firm focused on software and automation companies. VivoAquatics is the leading water management and real-time monitoring platform for hotels, resorts, fitness clubs and other commercial facilities.
The funding represents another milestone for the company as leading brands and properties continue to adopt the VivoPoint software and IoT platform to proactively manage the risks and costs of water within a facility while improving the guest experience. Funds will be used to expand the suite of integrations across a commercial facility, expand sales and marketing, and drive strategic opportunities.
“We are thrilled to partner with Level Equity and our investor group to help facility and engineering leaders better manage water across commercial properties to protect their brand and assets,” says Willan Johnson, CEO of VivoAquatics. “This is a dynamic and growing industry and we look forward to providing the applications and tools to assist facility owners and managers create baselines and benchmarks, establish standards and provide real-time monitoring and support to help them manage water more cost effectively and safely.”
VivoPoint is a platform of controllers, sensors, communication gateways and software to provide facilities with real-time control and monitoring of water quality and usage (both water and energy). VivoPoint is currently used by hundreds of commercial facilities including many of the world’s leading resorts, waterparks and hospitality organizations to manage their recreational water (swimming pools, spas, lakes, streams, fountains). The company is now piloting VivoPoint across other functions (irrigation, cooling towers, etc.) within a facility.
“We recognise that commercial facility owners and managers face a daunting task in managing water as compliance and safety requirements increase, sustainability objectives are set, and costs increase,” says George McCulloch, founder and co-CEO of Level Equity. “VivoAquatics’ strong industry experience, exceptional and capital efficient growth and their amazing client orientation sets them apart as a market leader. We share their vision for continuing to build a world class software and IoT solution.”