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RainStick Showers soaks up $2.6 million CAD as it eyes expansion in Canada and the US – BetaKit

July 16, 2024

Kelowna, BC-based cleantech startup RainStick Shower has closed $2.6 million CAD in new financing as it looks to scale its water-saving shower system.

RainStick’s latest round, classified as “seed-plus,” was led by Raven Indigenous Capital Partners, with support from the Crown corporation Business Development Bank of Canada’s Thrive Lab, Silicon Valley-based BuildTech VC, and angel investors.

The funding follows a period of growth for RainStick. Earlier this year, the startup’s product was named one of TIME’s Best Inventions of 2023, making it one of the few Canadian tech products to make the list. The startup has developed a shower system aimed at reducing water consumption. Unlike a conventional shower, which sends water down the drain, RainStick’s technology captures, circulates, and sanitizes grid-supplied water in real time.

Read More: https://betakit.com/rainstick-showers-raises-2-6-million-cad-as-it-eyes-expansion-in-canada-and-the-us/

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