VivoAquatics Receives Growth Investment, Led by Level Equity
VivoAquatics Raises Funding to Further Leadership Position in Real-time Monitoring and Automation of Water Management for Commercial Facilities
VivoAquatics, the leading water management and real-time monitoring platform for hotels, resorts, fitness clubs and other commercial facilities announced it has secured Series A financing led by Level Equity, a growth equity firm focused on software and automation companies. The funding represents another milestone for the company as leading brands and properties continue to adopt the VivoPoint software and IoT platform to proactively manage the risks and costs of water within a facility while improving the guest experience. Funds will be used to expand the suite of integrations across a commercial facility, expand sales and marketing, and drive strategic opportunities.
"We are thrilled to partner with Level Equity and our investor group to help facility and engineering leaders better manage water across commercial properties to protect their brand and assets," says Willan Johnson, CEO of VivoAquatics. "This is a dynamic and growing industry and we look forward to providing the applications and tools to assist facility owners and managers create baselines and benchmarks, establish standards and provide real-time monitoring and support to help them manage water more cost effectively and safely."
VivoPoint is a platform of controllers, sensors, communication gateways and software to provide facilities with real-time control and monitoring of water quality and usage (both water and energy). VivoPoint is currently used by hundreds of commercial facilities including many of the world's leading resorts, waterparks and hospitality organizations to manage their recreational water (i.e., swimming pools, spas, lakes, streams, fountains). The company is now piloting VivoPoint across other functions (i.e., irrigation, cooling towers, etc.) within a facility.
"We recognize that commercial facility owners and managers face a daunting task in managing water as compliance and safety requirements increase, sustainability objectives are set, and costs increase," said George McCulloch, Founder and Co-CEO of Level Equity. "VivoAquatics' strong industry experience, exceptional and capital efficient growth and their amazing client orientation sets them apart as a market leader. We share their vision for continuing to build a world class software and IoT solution."
About VivoAquatics:
Founded in 2015, VivoAquatics is an innovative water management company providing automation solutions to hospitality destinations, water parks, fitness clubs, multi-family REITs and municipalities through its VivoPoint application. The brand's services and and VivoPoint software solution is specially designed to give clients greater control over their systems, equipment and staff for improved operational efficiency and ongoing cost-savings. For more information on VivoAquatics, please visit www.vivoaquatics.com
About Level Equity:
Based in New York, NY, Level Equity is a growth equity firm focused on providing capital to rapidly growing software and internet companies. The firm manages over $1.65 billion across a series of long term committed investment partnerships. For more information about Level Equity, visit www.levelequity.com.
