Kando Featured on MergerMarket
Jan 01st 1970
On May 22, Kando was featured in a MergerMarket article written by Nate Trela, “Kando seeing increased interest from possible customers, investors, in wake of COVID 19”.
“Gili Elkin, board member & chief growth officer, said the pandemic has broadly heightened awareness of the need to protect public health and that has helped fuel the interest in the company.
Kando offers a wastewater monitoring system that combines IoT sensors with a SaaS platform to remotely, and proactively measure water quality. The system can alert utilities to anomalies and pinpoint the source of the issues, allowing quicker and more targeted responses. And the improved water quality that comes from active monitoring can lead to longer lifespans for infrastructure, according to the company.
“We’re growing faster than we had anticipated,” she said. Kahani said Kando is aiming to complete the B round by late summer and is talking to strategic and financial investors. Elkin said some of the interest is coming from impact investors who are attracted by the technology’s benefits to public health as well as the company’s ability to put people back to work installing systems.
Kando has previously raised USD 11m in equity, convertibles and grant funding.
Kando’s vision is to become the industry standard for detecting events and contamination in wastewater systems, Kahani said. Kando has more than 40 employees and has systems installed throughout Europe and the US. It is focusing on large metro areas first, Elkin said.
Elkin said the company is also considering strategic partnerships to grow the company, noting its proprietary data set is attracting interest. She said management is highly focused on immediate growth right now and declined to discuss possible exit paths in detail”.
By Nate Trela in Denver