Riverkin secures CHF 1.7M to expand pilots in priority watersheds
Riverkin, a Swiss startup focused on real-time freshwater monitoring, has closed a CHF 1.7 million funding round to expand deployments with early adopters and s...
Read more16.09.2024 14:40 Rita Longobardi
Meet Jessica Droujko, CEO of Riverkin. The cleantech startup deploys high-resolution sensor networks for dynamic freshwater monitoring, delivering actionable insights for water quality and ecosystem health.
Name: Jessica Droujko
Location: Zurich, Switzerland
Nationality: Canada
Graduated from: ETH Zurich - Environmental Engineering and Mechanical Engineering
Job title: CEO & cofounder
Number of employees: 3
Money raised: 543k non-dilutive
First touchpoint with Venturelab: Venturelab Business Creation ICT course
Can you tell us who your product or solution helps, and how?
Our product empowers ESG and site managers to effectively manage the changing earth-water cycle, meet water reduction targets, and mitigate water risks. Our Water Data Ecosystem (WDE) combines self-developed sensors, a database, and SaaS to deliver actionable data on temperature, flow, turbidity, and conductivity. This solution simplifies system management and provides critical insights. With our data and machine learning models, clients can optimize water release cycles, reduce flood risks, identify polluters, and enhance preparedness for natural events, ultimately reducing pollution, improving biodiversity, and achieving water targets.
What market are you addressing and what is the potential of your startup in that market?
The global smart water management market, valued at CHF 16 billion, is projected to grow to CHF 28 billion by 2034, with a serviceable obtainable market (SOM) of CHF 1.4 billion. Key opportunities stem from regulatory demands, extreme weather, and a shift toward sustainability. Our primary customers are hydropower plants and the manufacturing sector, particularly food and beverage. Hydropower plants, our pilot users, leveraged our system for water release coordination, improving storm response. In manufacturing, we offer early-warning systems to adapt to the changing water cycle, reduce pollution, enhance biodiversity, and meet water reduction goals.
How and where did you come up with the idea for your startup?
As a whitewater kayaker, I always had a passion for rivers. Riverkin was founded out of a deep-rooted passion for preserving and improving these rivers and freshwater ecosystems, in general. When I was ready to leave the gas turbine sector, I asked my kayaking friends (who were mostly fluvial ecologists, geologists, and biologists) “What can I build for rivers?” During my PhD at ETH Zurich, I developed a water quality sensor after being told that there is a significant gap in accessible, real-time data on river health.
Riverkin, a Swiss startup focused on real-time freshwater monitoring, has closed a CHF 1.7 million funding round to expand deployments with early adopters and s...
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