Kando Environmental Services LTD, an Israeli wastewater intelligence and data company, has raised $6 million in its Series B financing round, bringing the total amount raised to $16 million. Kando uses its wastewater intelligence solutions to improve environmental and public health.
The new investors are Aliaxis, DC Thomson, the Jewish National Fund-USA, the GB Israel Investment Fund and Kibbutz Degania Bet. This funding round makes Kando one of Israel’s best-funded environmental technology firms.
Kando’s co-founder and CEO, Ari Goldfarb said: “The 2020s are set to see a radical realignment in environmental policy and investment around the world, with water management attracting increasing attention.”
Clean water is a finite resource, with water scarcity already impacting significant areas of the planet. As water demands increase, the question of how to manage resources effectively, enabling growth without inviting negative environmental or ecological consequences represents a formidable challenge.
Technologies that improve water quality and availability are necessary everywhere. Kando aims to be a global leader in environmental and public health, supporting wastewater service providers with clear insights into changing network conditions, enabling wastewater utilities to manage wastewater more effectively, improve effluent quality and reduce costs, all while protecting the environment and public health.
The company is working with partners, investors and clients to improve public and environmental health all over the world. Closing this funding round is a huge step in along the road to securing a cleaner and more sustainable water future for all.
