Quandify offers intelligent water measurement systems for commercial and private buildings, enabling cost efficient analysis of water consumption, leakage detection, and remote shut off capability. The company's cloud-based platform uses data analysis combined with a portfolio of patented sensors and a user-friendly app. The business was founded in 2017 and is headquartered in
"One of our investment areas is sustainable water usage. Quandify offers the same possibility to analyze and reduce water consumption in a building as comparable systems already in use for electricity consumption", says
"Our system can reduce water consumption by up to 40 per cent and consequently reduce energy consumption by 8 - 16 per cent. This enables more informed water consumption in society. With Latour as long-term partner, we can continue driving this development both internationally and within new customer segments", says Ramtin Massoumzadeh, CEO and one of three co-founders of Quandify.
The investment will be made via a directed share issue in
Johan Hjertonsson, CEO
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Latour Future Solutions is an investment area within Latour that targets sustainability-focused growth companies. The ambition is that the investments should contribute to increasing the pace of the transformation to a sustainable society based on all dimensions; environmental, social and economic.
https://news.cision.com/investment-ab-latour/r/latour-invests-in-quandify,c3804465
https://mb.cision.com/Main/487/3804465/2186890.pdf
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