120WaterAudit secures new investors for lead management platform

120WaterAudit, the industry-leading cloud-based water software platform, today announced $7 million in Series A funding, led by HG Ventures  — the corporate venture arm of The Heritage Group, partnering with innovative, high-growth companies to support a sustainable future — with participation from Allos Ventures and Greenhouse Capital. Funds will be used to enhance 120WaterAudit’s Digital Water Cloud platform and rapidly expand sales and marketing.

According to a 2018 study, nearly half of all U.S. students go to schools in states that do not have specific programs for testing drinking water and more than 40 percent of schools turned up samples with higher than recommended levels of lead. 120WaterAudit’s software and kits are used by government agencies, public water systems and facilities tasked with executing such regulated and voluntary water programs. 120WaterAudit manages over 150,000 locations in 12 states impacting more than 4.5 million lives.