What is Conservation Labs?
Founded in 2016, Conservation Labs is dedicated to enabling cost-effective and sustainable water use through advanced technology. The company has developed a proprietary machine learning-based system, H2know, which utilizes a low-cost, easy-to-install sensor and app to deliver actionable water insights, real-time leak alerts, and customized conservation recommendations. This technology has the potential to significantly reduce water consumption and associated expenses, with users able to save up to 20% of their water usage. Conservation Labs is a graduate of the Alexa Accelerator, powered by Techstars, and is an Amazon Alexa Fund portfolio company, highlighting its integration with smart home and IoT ecosystems.
How much funding has Conservation Labs raised?
Conservation Labs has raised a total of $9.2M across 2 funding rounds:
Angel/Seed
$1.7M
Series A
$7.5M
Angel/Seed (2019): $1.7M with participation from Mountain State Capital, Innovation Works, Irish Angels, Amazon Alexa Fund, and Serra Ventures
Series A (2024): $7.5M led by RET Ventures and SustainVC
Key Investors in Conservation Labs
RET Ventures
RET Ventures is a leading venture capital firm specializing in real estate technology, focusing on early-stage companies that enhance the multifamily and single-family rental sectors. Their strategic investor base provides significant industry access and guidance.
SustainVC
SustainVC is an impact-focused investment firm dedicated to entrepreneurs creating a sustainable, equitable, and healthier world, with a particular emphasis on climate, sustainability, and access to opportunity.
Irish Angels
IrishAngels is a network of Notre Dame investors that actively supports seed, seed+, and Series A stage startups, providing not only capital but also valuable network-based assistance for company growth.
What's next for Conservation Labs?
The recent Series A financing, characterized as a major strategic investment, positions Conservation Labs for significant scaling and market expansion. This capital infusion is expected to accelerate product development, enhance sales and marketing efforts, and further solidify the company's position as a leader in smart water management solutions. The involvement of prominent investors like RET Ventures and SustainVC suggests a strategic focus on integrating their technology within the real estate and sustainability sectors, respectively. Conservation Labs is poised to leverage this backing to drive broader adoption of its water-saving technologies, addressing critical environmental and economic challenges related to water scarcity and inefficient usage.
See full Conservation Labs company page
