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WaterSmart Software Closes on Third Round of Funding to Expand

Aug. 27 (Bloomberg) -- WaterSmart Software, a San Francisco provider of cloud-based technologies for water utilities, announced the close of a round of $4.5 million in Series A funding and will use the proceeds to expand.

The capital infusion, which will go toward expanding sales and marketing nationally, was led by The Westly Group, the company said today in a statement. Also participating were Physic Ventures, Draper Fisher Jurvetson and Apsara Capital LLP.

The company said its analytics and increased water efficiencies led to contracts with utilities in California, Colorado and Texas including Irvine Ranch Water District and the cities of Sacramento and Newport Beach. This is WaterSmart’s third round of funding starting with $900,000 in 2011 and $1.5 million last year that has also included Menlo Incubator and Sand Hill Angels Inc.

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To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net

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