Funding strengthens Subeca’s position as a leading provider of affordable smart water infrastructure and accelerates utility adoption across North America
, /PRNewswire/ — Subeca today announced approximately $3M in additional funding to further deliver hardware and software solutions for utility metering and net-zero sustainability metering. The Series A-2 was led by Burnt Island Ventures, the most active venture investor in the global water industry, with participation from Cycle H2O, a leading water technology venture fund, and SUEZ, a global water technology company, and several additional investors.
“Plenty of companies talk about disrupting the water industry. We’re actually doing it, and we’re doing it for the utilities and operators where legacy solutions have proven too complex and too costly. This funding fuels our rapid growth and our commitment to bringing real-time meter data to small and medium-sized utilities and hyperscalers, because every water provider deserves the tools to serve its customers and meet its sustainability goals,” said Anne Mushow, Chief Executive Officer of Subeca.
“We see the billion dollar opportunity around an unmet need for affordable smart meter infrastructure and AI-native software. Subeca is now live across 23 communities offering its bundled smart meter plus software package. We are so impressed with Anne and her team as they continue to impress as they deliver on their vision of smart water meters for all,” said Christine Boyle, General Partner at Burnt Island Ventures.
Subeca’s differentiated offering provides simple, easy-to-deploy options for the more than 51,000 utilities and businesses in the US that have been locked out of the benefits of advanced metering technology due to the cost and complexity of legacy technology solutions. Produced in Cary, North Carolina, Subeca’s communication module utilizes Amazon’s Sidewalk network, a free communications network that covers more than 90% of the US population as well as parts of Canada and Mexico, to help customers proactively manage water infrastructure and detect and resolve water leaks early.
The investment further strengthens Subeca’s existing ecosystem of strategic water industry partners. Since its Series A financing, the company has built relationships with leading organizations across water technology, digital infrastructure, and utility operations, creating a strong foundation for future growth.
In addition to providing growth capital, new investor Cycle H2O brings a uniquely strategic combination of investment expertise, industry relationships, and commercial networks focused exclusively on the water sector. Through its close partnership with H2O Innovation, one of North America’s leading water solutions providers, Cycle H2O offers Subeca access to a broad network of municipal and industrial water customers, technical expertise, and market development opportunities.
“We are proud to support Subeca, whose platform addresses one of the most important challenges facing the water sector: making digital water management solutions accessible and affordable for utilities of all sizes. Through Cycle H2O, under Simon Olivier’s leadership, we are pleased to join as a new investor in Subeca’s practical, scalable innovation. Their technology, which helps utilities detect leaks, conserve water and cut operating costs, aligns perfectly with our thesis of backing technologies that accelerate the sustainable transformation of essential industries,” said Andrée-Lise Méthot, Founder and Managing Partner of Cycle Capital.
Subeca’s 2024 Series A raised $6M led by SUEZ, with additional investment by Burnt Island Ventures and Amazon’s Climate Pledge Fund, Amazon’s sustainability-focused corporate venture fund.
SOURCE Subeca
