Watergate, a London-based water technology firm, is making significant strides in its mission to curb water leaks and promote conservation efforts across Europe. With water scarcity and aging infrastructure increasingly threatening efficient water management, the company’s efforts have gained traction among investors and stakeholders. The recent successful crowdfunding campaign has highlighted the importance of innovative technology in addressing these global challenges.
Watergate’s recent crowdfunding campaign on Republic Europe secured £735,687 (€848,504), earning it the title of the largest water-tech crowdfunding achievement on the platform. This funding is part of a broader £2M (€2.3M) Pre-Series A round that includes participation from multiple strategic investors. The infusion of capital is intended to drive the company’s consumer expansion efforts and solidify its presence in property portfolios throughout the UK and Europe.
What are Watergate’s next steps?
Plans are also underway for a US expansion, leveraging networks created with the BREW Accelerator in Milwaukee and GROW London in Los Angeles. The funds will further enhance Watergate’s existing infrastructure by innovating and integrating with various smart water tools and platforms. This approach aims to not only broaden its technology’s reach but also enhance its effectiveness in combating water wastage.
How does Watergate contribute to saving water?
Led by CEO Krystian Zajac, Watergate offers solutions that help businesses, utilities, and homeowners prevent significant water loss. The company’s flagship product, the Sonic Smart Stopcock, together with its AI-powered apps, assists in detecting anomalous water usage and can automatically shut off water supply to mitigate potential damage. This initiative significantly reduces water consumption and supports efforts to lower carbon footprints.
“This campaign wasn’t just about raising capital – it was about building a community of believers. You’ve helped us validate our mission and our model, and now we’re more energised than ever to deliver,” stated Krystian Zajac, CEO of Watergate.
The company collaborates with major landlords like Greystar and London Square and reports potential water savings of up to 68% in large buildings. Such partnerships emphasize the effectiveness of Watergate’s technology in large-scale operations, showcasing tangible results in water conservation.
Watergate is not new to technological advancements in water management, having consistently focused on integrating AI and data analytics to enhance their water management solutions. Consistent demand for such environmentally friendly technologies demonstrates Watergate’s adaptability and foresight in a rapidly evolving market.
“We’re beyond grateful to everyone who got behind Watergate – from our earliest believers to those who joined in the final days. You’ve backed not just a company, but a mission,” Krystian expressed.
The necessity for effective water management solutions is underscored by the daily loss of over 3 billion liters of water to leaks just in England and Wales. Watergate’s commitment to addressing this issue, alongside the backing from a community of supporters, underscores the critical nature of their mission. As water scarcity continues to impose significant challenges globally, innovations like those from Watergate are vital in fostering sustainable water use practices. Resources that address water inefficiencies are imperative for managing future demands, and Watergate’s efforts reflect a continued push towards sustainable water solutions.
