Waterscan provides water-usage optimisation services to businesses, using its Waterline platform and a self-supply model pioneered after market deregulation in 2017. The company supports customers across the UK and focuses on helping organisations meet sustainability goals and optimise water consumption. Management plans to continue investing in Waterline and to broaden its service offering as part of its growth strategy. Waterscan has attracted institutional backing to support organic growth, most recently from LDC. As part of the deal, Neil Penhall was welcomed to the board, bringing additional experience to the team. Working capital facilities for the business were provided by Virgin Money.

Total raised

$16M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2024