# WaterSmart Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/watersmart-software

- Industry: Software
- Headquarters: San Francisco, US
- Website: http://www.watersmart.com
- Total disclosed funding: $12M
- Latest round: Series B (Mar 23, 2015)
- Investors on record: 7

## About

WaterSmart Software, Inc. provides innovative software solutions designed to enhance customer engagement for water utilities, optimizing billing and resource management through advanced analytics and personalized digital interactions.Founded in 2009 and headquartered in San Francisco, US, WaterSmart Software, Inc. specializes in customer engagement solutions for water utilities. In May 2020, the company was acquired by Vertex Business Services LLC, a portfolio company of DFW Capital Partners. Kevin Kern serves as the CEO of the company. The firm has completed a total of 6 deals, with the most recent deal occurring on May 6, 2020, during its Series B funding round, raising USD 3.000 mn, bringing the total amount raised to USD 3.000 mn and its current valuation to USD 41.048 mn.WaterSmart Software offers a digital engagement platform specifically tailored for water utilities. Their services include Customer Information Systems (CIS), billing solutions, and customer engagement tools that improve operational efficiency and enhance user experiences. The platform provides real-time insights and analytics, enabling utilities to manage interactions through a self-service portal, primarily serving clients in North America while also expanding into international markets.WaterSmart Software generates revenue through a subscription-based model, providing its tailored software solutions to utility companies. Clients engage in long-term partnerships, paying recurring fees for access to WaterSmart's systems like VXcis and VXconnect. Revenue streams are derived from the initial implementation and ongoing subscriptions, ensuring a steady income as clients expand their usage of the platform.WaterSmart Software aims to expand its market reach and enhance its product offerings. The company is focusing on developing new features and tools for its platform, with plans to launch upgraded solutions in the upcoming year. Recent funding from the Series B round will support these initiatives. Following its acquisition in May 2020, WaterSmart is also looking to enter new markets beyond North America, targeting select international regions to diversify its client base.

## Funding rounds

- Series B, Mar 23, 2015, $7M — Draper Fisher Jurvetson, Physic Ventures, The Westly Group, Sand Hill Angels, Apsara Capital
- Series A, Aug 9, 2013, $3.3M — Draper Fisher Jurvetson, Physic Ventures, The Westly Group, Apsara Capital
- Series B, Jun 19, 2012, $1M — Draper Fisher Jurvetson, Physic Ventures, Menlo Incubator, Sand Hill Angels
- Seed, May 2, 2011, $0.9M — Draper Fisher Jurvetson, Physic Ventures, Sand Hill Capital, Menlo Incubator

## Investors

- Draper Fisher Jurvetson (https://capitalatlas.ai/funds/draper-fisher-jurvetson) — Seed, Series B, Series A
- Physic Ventures (https://capitalatlas.ai/funds/physic-ventures) — Seed, Series B, Series A
- Sand Hill Capital (https://capitalatlas.ai/funds/sand-hill-capital) — Seed
- Menlo Incubator — Seed, Series B
- Sand Hill Angels (https://capitalatlas.ai/funds/sand-hill-angels) — Series B
- The Westly Group (https://capitalatlas.ai/funds/the-westly-group) — Series A, Series B
- Apsara Capital — Series A, Series B