120Water Raises $43M Growth Investment

120Water, a Zionsville, IN-based provider of a cloud-based water management and testing system, received a $43M Growth investment.

The transaction was led by Edison Partners, with participation from Allos Ventures. In conjunction with the funding, General Partner Ryan Ziegler, joined 120Water’s board of directors.

The company intends to use the funds to further expand the team, technology investments, and go-to-market efforts.

Led by CEO Megan Glover, 120Water provides a cloud-based water management and testing system used nationally by municipalities and water professionals to manage critical water quality programs. Comprised of end-to-end, integrated software, test coordination and secure data handling, it offers water quality compliance, reporting, and workflow management, empowering regulators and utilities to more effectively oversee all compliance standards while also improving public transparency. 120Water’s platform has processed over 8,000 sampling events across the country.

Government agencies partnering with 120Water to protect public health and provide clean drinking water to their communities include: the City of Newark, the City of Providence, the City of Buffalo, and Chicago Public Schools.