Subeca Raises $6 Million for Water Technology and Market Expansion
Subeca Raises $6M in Series A Funding
Subeca's Series A Funding
Key Highlights:
- Series A Funding: Subeca, an IoT startup providing low-cost water technology, raised $6 million in Series A funding.
- Investors: Funding led by SUEZ, with participation from Amazon's Climate Pledge Fund and Burnt Island Ventures.
- Market Demand: Funding will support rapid scaling to meet market demand for Subeca's flagship AMI solutions, targeting small to medium-sized utilities and underserved companies.
Subeca's Target Market
- Water Utilities: Targeting water utilities seeking cost-effective solutions for meter reading operations and improved data insights.
- Small to Medium-Sized Utilities: Focusing on utilities of smaller scale that may have been underserved by existing incumbents.
- Water Infrastructure Management: Providing solutions to help customers manage water infrastructure, detect and resolve water leaks.
What Subeca Needs to Buy
- Manufacturing and Supply Chain Partners: Collaborating with manufacturers for the production of smart water meter registers and IoT modules.
- Technology and Cloud Services: Leveraging partnerships with technology providers like Amazon Web Services for cloud connectivity and data management.
- Marketing and Sales Support: Engaging with marketing agencies and sales experts to effectively reach target customers in the water utility industry.