AquaVenture Holdings deploys state-of-the-art water purification and desalination technologies and markets a Water-as-a-Service™ (WAAS™) model to deliver affordable clean water without upfront capital costs. WAAS™ targets business, agricultural, and industrial customers and is designed to generate recurring revenue from deployed systems. The company expanded through a 2014 merger with Quench, bringing in the largest independent provider of filtered water coolers and ice dispensers in North America, and also added Seven Seas Water, which operates in 11 countries. Recent financing includes a $30 million investment from Element Partners and a prior $50 million investment tied to the Quench merger led by Element and mutual funds managed by T. Rowe Price. AquaVenture frames its opportunity against a global water market estimated at $600 billion with 7% annual growth and a projected 40% shortfall in clean water by 2030.

Total raised

$30M

Funding rounds

1

Latest round

Equity

Latest activity

May 2015