Israeli company Kando Environmental Services LTD, a wastewater intelligence and data company, announced last week that it raised $6 million for a Series B financing round, bringing the company’s total amount raised to date to $16 million.
New investors in the round included Aliaxis, DC Thomson, the Jewish National Fund-USA (JNF-USA), the GB Israel Investment Fund, and Kibbutz Degania Bet. Existing investors Ram-On Investments and Holdings and Bridges Israel also participated. as did the Israel-Colorado Innovation Fund, a key supporter of Kando’s US growth.
Founded in 2011, Kando uses IoT, advanced algorithms, and artificial intelligence technologies to enable wastewater utility organizations to detect pollution anomalies and blockages in real-time to keep sewage systems hygienic and working. The company turned its attention toward SARS-CoV-2, the virus that causes COVID-19, in April 2020, launching different projects and trials in Israel.
Kando says the latest funding round makes it one of Israel’s best-funded environmental technology firms as it aims to become a global leader in environmental and public health. The company has currently has four strategic partnerships in place to support its operations in Israel and overseas, with Amarel Inc. (Israel), Hach (US), BM Technologies (Italy), and OnSite (UK).
“The 2020s are set to see a radical realignment in environmental policy and investment around the world, with water management attracting increasing attention,” said Ari Goldfarb, Kando’s co-founder and CEO.
“Aliaxis Ventures focuses on smarter water management and Kando stands at the forefront of that area,” said Fabian Seunier, Head of Aliaxis Ventures. “Our partnership with Kando is a significant step towards developing complementary capabilities between those technologies and Aliaxis’ solutions; and to bring them to water and wastewater utilities to improve wastewater infrastructure.”
Ram Hachmon, Business Manager at Degania Bet said the kibbutz “sees Kando as a leader of change, improving the environment and making our world greener and healthier. The charm and beauty of Kando and its groundbreaking technology, applied in enlightened cities, enhance the quality of life of residents greatly while improving processes and outcomes for those authorities implementing the solution.”
Gili Elkin, partner at Kando and the Israel-Colorado Innovation Fund said the company is helping “improve the water quality in the world with a direct impact on public health and the environment.”
“Kando has built itself on people with solid technology and environmental experiences and a strong passion to make a positive change in this world,” she added.
Headquartered in Tsur Yigal, Israel, with a subsidiary office in Denver, Kando employs some 50 people across Israel, the US, and the UK.