# Banyan Water

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/banyan-water

- Industry: Environmental Services
- Headquarters: Austin, US
- Website: www.banyanwater.com
- Total disclosed funding: $1.4M
- Latest round: Series A (Jun 10, 2016)
- Investors on record: 3

## About

Banyan Water, Inc. specializes in advanced water management solutions, offering services that optimize water usage for multifamily, retail, and commercial properties across the United States.Founded in 2011 and headquartered in Austin, Texas, Banyan Water, Inc. focuses on smart water management. The company has not undergone significant pivots in its operations and is not known to be a subsidiary of another entity. The CEO is Gillan Taddune. In November 2021, the company engaged in a TRADE SALE, raising USD 3.000 mn from Grupo Rotoplas, S.A.B. de C.V., which marked its total amount raised at USD 3.000 mn.Banyan Water specializes in smart water management solutions designed to optimize water usage across various sectors, including multifamily, office, retail, hospitality, and mixed-use properties. Their core offerings include Indoor Insight®, Irrigation Insight®, and Construction Insight, which provide automated monitoring, real-time flow analysis, leak detection, and smart irrigation capabilities. These solutions enable clients to address water risks, lower overall water usage, and manage their water budgets effectively. The company targets a broad client base, including property managers and owners, and has established a presence across the United States. Their innovative mobile app, launched on June 1, allows clients to access critical information about their water use and manage water flow directly from mobile devices, enhancing usability and efficiency in water management.Banyan Water generates revenue through subscription-based models for its software solutions and mobile applications. Clients typically engage in B2B transactions, leveraging Banyan Water’s proprietary technology for leak detection, smart irrigation, and real-time monitoring, which contribute to significant cost reductions in water usage. The company has demonstrated its effectiveness through case studies, such as HIT REIT, which achieved a 72% reduction in water expenses using Banyan's solutions. Pricing structures for the services are tailored to meet the needs of various property types and sizes, aligning with the specific water management challenges faced by clients. The company’s solutions, including trademarked services like Indoor Insight® and Irrigation Insight®, are designed to facilitate both significant savings and enhanced operational efficiency in water management.Banyan Water plans to leverage the recent funding from Grupo Rotoplas, S.A.B. de C.V. to further develop new digital solutions and expand into the Latin American market. The acquisition, completed in November 2021, is intended to enhance the commercialization of their water management software and digital solutions in these new markets. Specific product launches or enhancements have not been detailed, but the focus remains on widening their technological reach and improving service offerings.

## Funding rounds

- Series A, Jun 10, 2016, $1.4M — Centennial Ventures, Catamount Ventures, Cue Ball Capital

## Investors

- Centennial Ventures (https://capitalatlas.ai/funds/centennial-ventures) — Series A
- Catamount Ventures (https://capitalatlas.ai/funds/catamount-ventures) — Series A
- Cue Ball Capital (https://capitalatlas.ai/funds/cue-ball-capital) — Series A