Sourcewater

Connecting energy producers with water solutions to cut costs, ensure reliability, and protect communities.

General Information
Company Name
Sourcewater
Founded Year
2014
Location (Offices)
+1
Founders / Decision Makers
Number of Employees
11-50
Industries
Energy, Oil and Gas, Water
Funding Stage
Series A
Social Media

Sourcewater - Company Profile

Sourcewater is a startup that emerged from MIT Energy Ventures with a mission to revolutionize the water management within the energy production sector. With a compelling slogan of “Connecting energy producers with water solutions to cut costs, ensure reliability, and protect communities,” Sourcewater has positioned itself as the digital platform for sourcing, recycling, transporting, and disposing of water for energy production, tapping into the lucrative $20 billion market in the U.S. The company's innovative service brings together suppliers of water, wastewater, trucking, treatment, storage, and disposal with energy producers, ultimately reducing both capital and operational expenses in oil and gas production. This not only ensures a reliable water supply chain but also mitigates the environmental and community impact of hydraulic fracturing, a critical concern in the industry. Their efforts have gained recognition as they secured a significant $7.20M Series A investment on 03 September 2019, with investment from Bison and Marubeni, underpinning the industry's confidence in Sourcewater's potential. Working at the intersection of Energy, Oil and Gas, and Water industries, Sourcewater has not only identified a pressing need but has also set out to address it comprehensively. For water sellers and service providers, Sourcewater offers a marketing platform that lowers sales costs and enhances utilization and profitability, further solidifying its position in the market. As Sourcewater continues to gain momentum in its endeavors, the company proves to be a compelling investment opportunity for venture capitalists seeking innovative solutions at the intersection of technology and essential industries, particularly with its strong financial backing and industry support.

Taxonomy: Water management, Energy production, Oil and gas, Water sourcing, Water recycling, Wastewater disposal, Saltwater disposal, Water treatment, Environmental impact, Community impact, Marketplace, MIT Energy Ventures, Artificial intelligence

Funding Rounds & Investors of Sourcewater (2)

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Funding Stage Amount No. Investors Investors Date
Series A $7.20M 2 Marubeni 03 Sep 2019
Non Equity Assistance Unknown 2 20 May 2015

Latest News of Sourcewater

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No recent news or press coverage available for Sourcewater.

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