What aqva.io does

Smartvatten (operating at the aqva.io domain, founded 2017, headquartered in Pori, Finland) is a European SaaS platform for full-cycle water intelligence that digitizes water management for real estate portfolios and water utilities. The company operates a hardware-plus-software model: the AQVA.IO device is placed onto a water meter and connected via a low-voltage cable, feeding consumption data into the cloud platform. It serves two primary verticals — Real Estate (commercial properties, residential buildings, hotels, multi-tenant properties) and Utilities (water distribution networks and wastewater systems).

The platform is structured around two core software hubs — Smartvatten HUB for real estate and Smartvatten NEURO for utilities — complemented by modular add-ons. Real estate modules include Smartvatten Prime (main meter intelligence), Smartvatten Node (sub-metering), and Smartvatten Sense (flood sensors). Utility modules include Water Distribution Analytics, Waste Water Analytics, and Meter Management. The platform delivers measurable outcomes — up to 20% savings on water consumption, 80% faster leak detection, 50K+ euros in average daily savings per property from early leak detection, and detection of leaks at an average of 70K liters per property. APIs enable integration with existing building management systems.

Revenue is generated through a subscription-based SaaS model, distributed primarily via direct enterprise sales with "Book a demo" and "Calculate Savings" CTAs. Named enterprise customers include BlackRock, CBRE Investment Management, AXA Investment Managers, Heimstaden, Zurich Insurance, Strawberry Hotels, and Scandic. The platform is ISO/IEC 27001 certified and offers NIS2-compatible services, addressing European regulatory compliance requirements for both property managers and water utilities. The company maintains an active Investor Relations page, indicating venture-backed private status, and serves markets across Europe including a presence in the United Kingdom.

Name

aqva.io

Legal name

Smartvatten

Website

https://aqva.io

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Smartvatten is a European SaaS platform for water intelligence that digitizes water management for real estate portfolios and utilities through hardware devices, real-time monitoring, and analytics.

Ownership category

akta.pro rank

Product category

Water Intelligence Software

NAICS

Totalizing Fluid Meter and Counting Device Manufacturing (334514), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Totalizing Fluid Meters & Counting Devices (3824), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

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

akta.pro secondary industries

Meter Data Management & Analytics (MDM, validation/estimation/editing, usage insights) (EUANAIAB), Commercial/Residential Building Water Management & Leak Analytics Services (HSAHAGAK)

Keywords

• Water intelligence platform
• Leak detection software
• Sub-metering solutions
• Water distribution analytics
• Smart water metering

Headquarters

HQ city

Pori

HQ country

Finland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SaaS Subscription: Smartvatten operates as a SaaS platform providing water intelligence solutions. The platform delivers measurable results including up to 20% savings on water consumption and 80% faster leak detection, suggesting a subscription-based recurring revenue model for both real estate and utility customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

aqva.io provides a hardware device mounted onto water meters and connected to a low-voltage electrical outlet, feeding consumption data into a cloud-based SaaS platform for full-cycle water intelligence. The platform delivers real-time monitoring, sub-metering, flood/leak detection, water distribution and wastewater analytics, and ESG/sustainability reporting for European real estate portfolios and water utilities. Solutions are delivered through specialized products including Smartvatten Prime (main meter intelligence), Smartvatten Node (sub-metering), Smartvatten Sense (flood sensors), Smartvatten HUB and Smartvatten NEURO software platforms, plus Water Distribution Analytics, Waste Water Analytics, and Meter Management modules.

Product overview

Smartvatten is a European SaaS platform for full-cycle water intelligence serving both real estate portfolios and utilities. The platform operates as a unified system with Smartvatten HUB as the core software platform for real estate, complemented by specialized hardware/software modules: Smartvatten Prime (main meter intelligence), Smartvatten Node (sub-metering), and Smartvatten Sense (flood sensors). For utilities, Smartvatten NEURO serves as the core analytics platform, supported by Water Distribution Analytics, Waste Water Analytics, and Meter Management modules. The platform delivers measurable results including up to 20% savings on water consumption and 80% faster leak detection.

Differentiator

Problem solved

Functional benefit

Brands

• Smartvatten HUB: Software platform for real estate services including water data insights, leak detection, and billing
• Smartvatten NEURO
• Smartvatten Prime
• Smartvatten Node
• Smartvatten Sense

Products and services

• AQVA.IO Water Meter Device Proprietary low-voltage IoT device mounted onto a water meter and connected to an electrical outlet via low-voltage cable, transmitting water consumption data into the cloud-based water intelligence platform for real estate and utility customers in Europe.
• Smartvatten HUB (Real Estate Software Platform) Cloud-based SaaS software platform for real estate services that unifies portfolio-wide water management, providing monitoring, analytics, and reporting across connected properties for commercial, residential, hospitality, and multi-tenant buildings.
• Smartvatten Prime (Main Meter Intelligence) Main meter intelligence solution providing real-time monitoring of total building water consumption for real estate customers, enabling early leak detection, risk reduction, and improved portfolio performance.
• Smartvatten Node (Sub-Metering) Sub-metering solution that measures water use at the unit level within buildings, enabling fair consumption-based billing, detailed tenant-level insights, and precise leak detection for property managers and owners.
• Smartvatten Sense (Flood Sensors) High-precision flood sensor system that detects the presence of water where it should not be, protecting buildings from costly water damage through continuous monitoring and intelligent alerts.
• Smartvatten NEURO (Utilities Software Platform) Software platform for water utilities providing advanced analytics, AI-powered anomaly detection, and operational efficiency capabilities for water distribution network and wastewater management.
• Water Distribution Analytics Analytics solution that helps water utilities optimize water distribution and reduce water loss (non-revenue water) across their distribution networks through real-time monitoring and analysis.
• Waste Water Analytics Analytics solution for managing wastewater systems, monitoring spills, and detecting overflows across utility networks to support regulatory compliance and operational planning.
• Meter Management Utility solution for managing water meter data, enabling utilities to track and administer meter inventory, readings, and related operational records.

Quantifiable outcome

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

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Kamstrup: Danish manufacturer of smart water meters, heat meters, and AMI/analytics solutions serving utilities across Europe — overlaps with aqva.io's meter-attached hardware and with Smartvatten's utility analytics layer, but as a much broader incumbent.
• Xylem: Large water technology company (includes Sensus and aMeter) offering smart meters, network analytics, and utility services — competes in both the hardware (aqva.io side) and analytics (Smartvatten side) layers, but as a diversified water-technology incumbent.
• Aclara (Hubbell): Provider of smart water infrastructure, AMI endpoints, and consumer engagement solutions for utilities — overlaps with Smartvatten's utility analytics suite and aqva.io's meter intelligence, with broader portfolio reach.
• Itron: Global AMI and smart infrastructure vendor with a sizable water utility footprint, offering meters, head-end systems, and analytics — competes for utility NRW and AMI budgets alongside Smartvatten NEURO and aqva.io-style meter add-ons.

Direct peers

• Hydropoint: US-based provider of smart water management for commercial buildings and landscapes, combining submetering, leak detection, and analytics — closely analogous to the Smartvatten Prime/Node/Sense stack on the real estate side.
• Ista: Germany-based leader in submetering, billing, and consumption-based services for residential and commercial real estate across Europe — competes directly with aqva.io/Smartvatten on building-level metering and tenant billing.
• TaKaDu: Israel-based SaaS provider of water network analytics for utilities, focused on leak detection, NRW reduction, and event management — directly comparable to Smartvatten NEURO and Water Distribution Analytics on the utility side.
• Banyan Water: US-based commercial water management platform combining submetering, leak detection, and analytics for portfolios — highly comparable to the Smartvatten HUB/Prime/Node offering for real estate customers.
• Alert Labs: Canadian provider of IoT leak and flood sensors plus building analytics for property managers — directly comparable to Smartvatten Sense and the aqva.io meter-attached sensor model on the building leak-detection use case.
• Techem: Major European submetering and energy/water management services provider for residential and commercial properties — directly comparable on sub-metering, billing, and ESG data for real estate portfolios.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about aqva.io