IoT-powered cleantech start-up Droople raises CHF 1.5 millionWednesday 12 May 2021
Three years after its launch and to meet growing demand for its digital water management solutions, Vaud-based start-up Droople has raised CHF 1.5 million.
Droople is a cleantech company developing innovative IoT solutions for intelligent water management. The start-up’s AI-powered Water Intelligence platform is designed to digitize water-based assets worldwide, including sanitary ware, water treatment systems and appliances, by giving its customers real-time access to the actionable data, bringing transparency, and allowing to optimize their water and energy use.
The company has announced the conclusion of a seed funding round in the amount of CHF 1.5 million from private investors. This investment will support Droople’s continued market expansion on three continents, aiming to cover EMEA, NA and APAC markets.
The funds will also help to scale Droople’s supply chain and operations to meet the growing demand while ensuring Swiss quality products and solutions. Finally, they will contribute to consolidate the company’s organization, processes, and governance.
To support the company’s growth, Droople headquarters will move from Mont-sur-Rolle to Puidoux (canton of Vaud), where new larger offices will welcome the quickly growing teams.
A game-changer in the digitization of the water industry
“We believe that IoT technologies will reinvent the last mile water industry by monitoring 36+ billion water assets off radar today”, explains Ramzi Bouzerda, founder and CEO of Droople. “The Droople Water Intelligence Platform will be a game-changer boosting the water industry digital transformation. At Droople, we are convinced from the first day that the sustainable management of global water resources will be at the core of the Circular Economy of tomorrow”.