What SmartVatten (Envera Sverige ) does

SmartVatten (formerly Envera Sverige) is a Stockholm-based SaaS company, founded in 2013, that provides a data-driven water management platform for two customer segments: real estate portfolios and water utilities. The platform combines cloud software with proprietary IoT hardware to monitor consumption, detect leaks, support sub-metering and tenant billing, and provide ESG and operational reporting. Product modules include Smartvatten Prime (main-meter insights), Smartvatten Node (IMD sub-metering), Smartvatten Sense (flood sensors), Smartvatten HUB (property management software), and Smartvatten NEURO (utility network and wastewater software, built on the 2022 acquisition of Finnish Neuroflux Oy). Customers include large Nordic property owners and operators such as SBB, Heimstaden, Shurgard, Vacse, Scandic, Strawberry Hotels, and Kungsbacka municipality.

The company operates on a subscription-based, multi-tier SaaS model delivered via direct enterprise sales, with quote-based pricing that is not publicly disclosed. Distribution is sales-led and account-based, primarily across Scandinavia and Northern Europe, supported by content marketing, the Annual Water Report, case studies, and a demo-booking funnel. The company has executed two acquisitions in roughly three years: Neuroflux Oy in May 2022 (adding utility and wastewater capability) and LeakLook in September 2025 (extending leak detection), and has obtained ISO-27001 certification with NIS2-aligned positioning for utility procurement. The company is privately held, has 101-250 employees, and operates an investor relations page but does not disclose revenue, funding history, or ownership composition in the available data.

Name

SmartVatten (Envera Sverige )

Legal name

Smartvatten

Website

https://smartvatten.se

Company type

Private

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

SmartVatten is a Stockholm-based SaaS company providing data-driven water management software and IoT sensors for Nordic real estate portfolios and water utilities, covering leak detection, sub-metering, ESG reporting, and utility network analytics.

Ownership category

akta.pro rank

Product category

Water Management Software

NAICS

Software Publishers (513210), Totalizing Fluid Meter and Counting Device Manufacturing (334514), Water Supply and Irrigation Systems (22131)

SIC

Totalizing Fluid Meters & Counting Devices (3824), Services-Prepackaged Software (7372), Water Supply (4941)

akta.pro primary industry

Advanced Metering Infrastructure (AMI) & Smart Meter Analytics (Meter Data for NRW) (EUANAKAC)

akta.pro secondary industries

Network Monitoring & Smart Water Sensors (Pressure/Flow/Noise Loggers, IoT) (EUANAKAB), Water & Wastewater Utility IoT (SCADA, Leak/Quality Monitoring) (EUADAPAK), Smart Sewer Networks (SCADA/IoT, Real-time Control) (EUANACAN), Water Leak Detection & Smart Shutoff Valve Systems (HSAHAGAA)

Keywords

• Water management software
• Leak detection sensors
• Water utility analytics
• Smart building metering
• Non-revenue water reduction

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Subscription Services: Smartvatten operates as a subscription-based SaaS platform offering multiple product tiers (Prime, Node, Sense, HUB, NEURO) for water monitoring, leak detection, and efficiency management. Revenue is generated through recurring software subscriptions with different feature sets for real estate and water utility customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Smartvatten sells a subscription-based SaaS platform for data-driven water management, combining IoT sensors, submetering devices, and cloud analytics to monitor consumption, detect leaks, reduce non-revenue water, and support ESG/sustainability reporting. It is sold as modular products (Prime, Node, Sense, HUB for real estate; NEURO for water utilities) directly to enterprise property owners and water utilities across Europe.

Product overview

Smartvatten is Europe's leading SaaS platform for data-driven water management, adapted for both property portfolios and water utilities. The platform operates as a unified platform-plus-modules architecture, combining Smartvatten HUB as the core property management software with specialized product modules including Smartvatten Prime (main meter insights), Smartvatten Node (IMD water submetering), and Smartvatten Sense (flood sensors). For water utilities, Smartvatten NEURO provides dedicated software for network management, wastewater analysis, and distribution optimization.

Differentiator

Problem solved

Functional benefit

Brands

• Smartvatten Prime: Main meter insights platform for property portfolios
• Smartvatten Node
• Smartvatten Sense
• Smartvatten HUB
• Smartvatten NEURO

Products and services

• Smartvatten Prime Main meter insights solution that monitors a building's total water consumption in real time to detect leaks early, reduce risks, and optimize property portfolio performance. Sold to real estate owners and managers.
• Smartvatten Node Individual Metered Data (IMD) water submetering solution that measures consumption at the unit level to enable fair tenant billing, detailed insights, and leak detection across property portfolios. Sold to real estate owners and managers.
• Smartvatten Sense High-precision flood sensors that detect water going astray to protect properties from costly water damage. Sold to real estate owners and managers.
• Smartvatten HUB Cloud-based property management software providing comprehensive water management capabilities for real estate portfolios. Sold to enterprise real estate owners and managers as the central platform.
• Smartvatten NEURO Software solution for water utilities providing advanced water network management, wastewater analysis, leak detection, and operational optimization. Sold to municipal and regional water utilities.

Quantifiable outcome

• Up to 20% water consumption savings
• +4 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Neuroflux OycoreTechnology or Integration · 23 May 2022Smartvatten acquired Neuroflux Oy, a wastewater management software company, to expand water efficiency services across Europe and enhance wastewater leak detection and management capabilities. This acquisition strengthened Smartvatten's offering for water utilities with specialized wastewater software technology.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Itron: Global smart metering and utility analytics company offering AMI, leak detection, and network management. Broader incumbent competing with Smartvatten's metering and utility software stack.
• Trimble Water: Utility-focused GIS, network monitoring, and analytics solutions from Trimble. Larger incumbent offering overlapping utility-side capabilities to Smartvatten NEURO.
• Aclara Technologies (Hubbell): Established AMI and smart infrastructure provider for water, gas, and electric utilities. Competes with Smartvatten NEURO in utility-scale AMI and network monitoring.

Direct peers

• Banyan Water: SaaS-based water management for commercial real estate, multifamily, and hospitality portfolios. Closely mirrors Smartvatten Prime/Node/Sense/HUB stack for property owners.
• Gutermann: Specialist in water leak detection and network monitoring hardware and software for utilities. Direct comparable to Smartvatten's leak detection and Sense product line.
• Kamstrup: European-headquartered provider of smart water meters and AMI solutions with analytics for utilities. Overlaps with Smartvatten's metering (Prime, Node) and utility analytics offerings.
• HWM Water (Halma): Provides telemetry, leak detection, and network monitoring solutions for water utilities. Comparable to Smartvatten's network monitoring, real-time analytics, and leak detection capabilities.
• WaterSmart Software: A SaaS platform for water utilities delivering customer engagement, leak analytics, and consumption insights. Most directly comparable to Smartvatten's utility-side NEURO offering and AMI analytics layer.

Emerging players

• HydroPoint Data Systems: Smart water management focused on irrigation and site-level water savings via sensors and analytics. Adjacent use case and platform model compared to Smartvatten's property-side water efficiency stack.
• Ayyeka: IoT-based water and environmental monitoring with edge devices and cloud analytics. Emerging competitor in the water IoT and network monitoring space where Smartvatten operates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/smartvatten_se

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SmartVatten (Envera Sverige )