SA-founded Water Ledger Global secures investment from Launch Africa

South African-founded water data startup Water Ledger Global (WLG) has secured a strategic investment from Launch Africa to scale its shared trust infrastructure for water globally.

Founded in October 2024 by a South African team, with roots in Australia going back to 2016, WLG is the company behind Water Ledger, a platform that creates a single, trusted record of how much water there is, who is using it, and what it is worth.

By breaking down data silos, it gives regulators, utilities, investors and lenders a shared source of truth, with the aim of turning water into a transparent, investable asset class. The startup has subsidiaries in South Africa, Australia and the United States, and its technology is already live. Its SWaN solution for mitigation and nutrient markets operates in Virginia, while its water accounting and trading solution is used by Seqwater in Australia.

The new funding will help WLG take its platform to more utilities, regulators, water users and markets.

“Capital follows confidence. In a very short time we have taken a bold idea and turned it into real solutions to real water challenges,” said Fred Platt, CEO of Water Ledger Global. “We are not just building technology; we are building the trust backbone for water.”

Uwem Uwemakpan, head of investments at Launch Africa, said the platform addresses a real need as the push for transparency and more funding into local utilities grows.

“We backed the team because that record is what gives investors and lenders the confidence to put capital into water infrastructure,” he said.

The post SA-founded Water Ledger Global secures investment from Launch Africa appeared first on Disrupt Africa.