Growth Capital • Internet Software and Services

Edison Partners Invests In 120Water

On January 10, 2024, growth capital firm Edison Partners invested in internet software and services company 120Water

Investment Context

This is Edison Partners’ 14th transaction in the Internet Software and Services sector.
This is Edison Partners’ 55th transaction in the United States.
This is Edison Partners’ 2nd transaction in Indiana.

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Investment Summary
Date	January 10, 2024
Target	120Water
Sector	Internet Software and Services
Investor(s)	Edison Partners
Deal Type	Growth Capital

Target Company

120Water

Zionsville, Indiana, United States

120Water is a proven, cloud-based water management and testing system used nationally by municipalities and water professionals to manage critical water quality programs. Comprised of end-to-end, integrated software, seamless test coordination and secure data handling, 120Water provides accessible, modern water quality compliance, reporting, and workflow management, empowering regulators and utilities to more effectively oversee all compliance standards while also improving public transparency. 120Water was founded in 2016 and is based in Zionsville, Indiana.

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Investor Overview 1

Investor

Edison Partners

Investor Investor

Category	Growth Capital Firm
Founded	1986
PE ASSETS	2.2B USD
Size	Large
Type	Sector Focused

DESCRIPTION

Edison Partners is a growth capital firm focused on investing in high-growth vertical SaaS, financial technology, healthcare IT and marketplace companies. The Firm looks for businesses with $10 to $40 million in revenue operating throughout the US. Edison Partners was formed in 1986 and is based in Princeton, New Jersey.

Deal Context for Investor	#
Overall	59 of 60
Sector: Internet Software and Services	14 of 14
Type: Growth Capital	38 of 38
State: Indiana	2 of 2
Country: United States	55 of 56
Year: 2024	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2023-09-19	Take Command Richardson, Texas, United States Take Command is an end-to-end individual healthcare benefits platform for small and mid-market employers. The company helps employers administer individual coverage health reimbursement arrangements (ICHRAs) using a tax-free stipend that lets employees select the best health plan while mitigating cost increases and bringing 10% to 20% cost savings to employers. Take Command was founded in 2014 and is based in Richardson, Texas.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2023-09-19

Take Command

Richardson, Texas, United States

Take Command is an end-to-end individual healthcare benefits platform for small and mid-market employers. The company helps employers administer individual coverage health reimbursement arrangements (ICHRAs) using a tax-free stipend that lets employees select the best health plan while mitigating cost increases and bringing 10% to 20% cost savings to employers. Take Command was founded in 2014 and is based in Richardson, Texas.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2025-02-23	RapidDeploy Austin, Texas, United States RapidDeploy is a developer of a web-based cloud platform that includes analytics, mapping, dispatch and first responder applications. RapidDeploy was founded in 2014 and is based in Austin, Texas.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2025-02-23

RapidDeploy

Austin, Texas, United States

RapidDeploy is a developer of a web-based cloud platform that includes analytics, mapping, dispatch and first responder applications. RapidDeploy was founded in 2014 and is based in Austin, Texas.

Sell

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