Milwaukee (May 29, 2018) – Wellntel is excited to announce a first-time investment from Clean Energy Trust. Clean Energy Trust invests in innovative cleantech startups from the Midwest.
The investment was announced at Clean Energy Trust’s #Co_InvestCleantech event in Chicago, Illinois on March 23, 2018.
Wellntel was selected from over one hundred applicants and joins 27 clean tech companies and the 3 additional 2018 investments in Clean Energy Trust’s portfolio. The CET investment in Wellntel recognizes that groundwater – a shared but historically invisible resource – is directly linked to vital systems like food and energy production, economic development and energy efficiency and will help Wellntel to reach its vision: to Make Groundwater Visible.
Clean Energy Trust believes in the importance of entrepreneurship to combat the effects of climate change, revitalize economic opportunity, and enable both high-impact and attractive financial returns.
“Clean Energy Trust is excited to be investing in Wellntel and sees enormous potential in creating a data network of groundwater information to enable smarter business and policy decisions.” – Paul Seidler, Director of Venture Development.
Over 60% of Clean Energy Trust’s investment have female or minority founders. Wellntel was pleased to receive the “ComEd Female Founder” Award which includes an additional $20K over CET’s initial investment.
Marian Singer, Wellntel’s Co-Founder and CEO presented at the Co_Invest Cleantech event. In her talk, Singer emphasized key Wellntel successes, including:
- Wellntel customers have created over 30 local groundwater networks collecting over 11,000,000 readings, more than all public and academic agencies combines, in the same period
- Data from these networks is playing a key role in ensuring that resilience of American rural communities, towns, farms, and businesses
Wellntel was started by Marian Singer and Nicholas Hayes in 2013, was commercially launched in 2015, and today, has customers in more than 30 states. Wellntel is the only Groundwater Information System suitable for use on domestic and irrigation wells, delivering verifiably accurate model-ready time series groundwater level data including static, pump-influenced and recovery rate information. Since the system is cloud-based, data are highly secure, near-realtime and can be shared broadly or kept private, based on well owner preference. Wellntel’s cloud-based information system is making groundwater visible, actionable and sustainable.