Droople announces the closing of its CHF1.5M Seed Round Investment
This investment supports its continued market expansion on three continents spanning EMEA, NA, and APAC markets.
PUIDOUX, SWITZERLAND – 5 May, 2021 – Droople, the Swiss IoT-powered cleantech company offering digital water management solutions, announced today that it has raised Seed Round funding totaling CHF1.5M from private investors. This also happens to mark their third anniversary since it was founded in 2018.
This investment will support Droople’s continued market expansion on the three continents, spanning EMEA, NA and APAC markets. The funds will also help scale Droople’s supply chain and operations to meet the growing demand while ensuring Swiss quality products and solutions. To support the company’s growth, Droople headquarters will move from Mont-sur-Rolle to Puidoux, where new larger offices will accomodate expanding teams.
Droople’s AI-powered Water Intelligence platform is designed to digitize water-based assets worldwide, including sanitary ware, water treatment systems and appliances. By doing so, it will provide customers real-time access to the actionable data, bringing transparency, and allowing optimization of their water and energy usage.
“We believe that IoT technologies will reinvent the last mile water industry by monitoring 36+ billion water assets off radar today”, comments Ramzi Bouzerda, founder and CEO of Droople. “The Droople Water Intelligence Platform will be a game-changer accelerating the water industry towards digital transformation. At Droople, we are convinced that when sustainable management of global water resources is achieved, we will be at the core of the future’s circular economy.”
“We are already working with leading names in the water industry to digitize a range of water assets with our smart and flexible Water Intelligence solutions, adds Peter Racz, co-founder and Head of Business Development at Droople. “This investment will help us to grow our customer base and expand our AI capabilities which will in turn advance the future of the water industry worldwide. We are committed to realize our vision of making the world aware that water is our shared source of life. “
Sacha Labourey, CEO of CloudBees, adds as Lead Advisor and Investor: “It’s been a privilege to be on the front row of the Droople’s adventure since their inception. I’ve collaborated with its co-founders, Ramzi Bouzerda and Peter Racz, and saw Droople evolve from the initial idea through the product-market fit towards the first commercial wins. With this round closing, I’m excited to see their go-to-market investments convert into growth. Onward!”
Droople is a Swiss cleantech company developing innovative IoT solutions for intelligent water management. With the use of their full-stack Water Intelligence Platform, Droople is redefining the water industry landscape and introduces smart, flexible real-time water asset management on the last mile of the water grid. Using Droople platform, customers worldwide can accurately measure and analyze their water assets data to remotely monitor them, predict their maintenance, and save water and energy with Swiss made precision of a drop.
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