Waterplan, a San Francisco, CA-based climate platform that helps companies measure, respond and report water risk, raised $11M in Series A funding.

SAN FRANCISCO, May 23, 2023 (GLOBE NEWSWIRE) -- Waterplan , the world's leading climate platform that helps companies measure, respond and report increasingly-changing water risk, today announced the close of an oversubscribed $11 million Series A financing round.The investment was led by Base10 Partners with co-founder and Managing Partner Adeyemi Ajao joining the Waterplan board. Previous investors also participated, including Giant Ventures & Transition Global (who co-led the seed round), YCombinator, MCJ Collective, and the Branson Family among others. To date the company has raised $18.5 million in total venture funding."Both governments and the private sector face existential challenges around how they manage their freshwater supply," said Jose Ignacio Galindo, CEO and co-founder of Waterplan. "Disruptions are getting more frequent. The world is simply not responding at the pace and the scale that is consistent with the problem. Taking action on water risks is essential for climate action and it makes business sense."The United Nations forecasts that the world faces a 40% shortfall in freshwater supply by 2030 if action is not taken