Water | April 12, 2022

Waterplan snags $7 million to help companies manage water-related risk

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, April 12 — Climate change is wreaking havoc on water supplies and quality. San Francisco-based Waterplan helps Coca-Cola, Colgate and other businesses in water-intensive industries track and manage their water usage with an AI-based data platform that identifies mitigation strategies and anticipates disruptions.

The company raised $7 million in a round backed by investors including MCJ Collective, Giant Ventures, Leonardo DiCaprio and others. “Water-related disasters continue to be a major result of the ongoing climate crisis,’ said DiCaprio, whose Regeneration VC fund raised $45 million last week.

Clean water

Separately, Brooklyn-based Wisewell raised $2 million in pre-seed funding to develop a filtration system to remove chemicals, microplastics and other contaminants from tap water. WaterEquity secured $153 million last week to invest in water and sanitation in emerging markets.