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Shower Stream has raised $730K across 1 funding round.
Shower Stream has raised $730K in total across 1 funding round.
Shower Stream has raised $730K in total across 1 funding round.
Shower Stream's investors include Ascension Ventures, Climate Capital, Comcast Ventures, CP Ventures, Endeavor8, Left Lane Capital, Newlin, Origin Ventures, OurCrowd, Gordon Segal, Grant Newlin, Paul Sims.
Shower Stream is a clean technology startup offering the world's first subscription-based IoT shower head designed as a "shower-as-a-service" for hotels. It tackles utility waste and maintenance issues by automatically reducing water, sewer, and gas costs—estimated at $8B annually industry-wide—through smart sensors that monitor guest behavior, prevent damage from aging fixtures, and enable remote management.[1][2] Serving hotel chains, the product delivers average annual utility savings of $30,000 per hotel with free installation, while maintaining luxury aesthetics and high accuracy in harsh shower environments; the company reports $500K in trailing twelve-month revenue, 6 employees, and adoption by top hospitality innovators.[1][2]
Founded in November 2019 in Austin, TX, as a C-corp, Shower Stream emerged from the need to address bathrooms as the largest source of guest-generated expenses and damage in hotels.[1][2] Co-founders include Greg Floyd (CEO), a UT Austin Computer Science graduate with R&D experience at firms like Samsung and TSMC, bringing lean startup and project management expertise; Ian (likely a technical co-founder), a UT Austin Mechanical Engineering BS holder who led Engineers Without Borders projects installing wind turbines in rural Africa and founded an earthquake relief non-profit; and Priya, holding a Ph.D. in Environmental and Natural Resource Economics from the University of Rhode Island, with data-driven work in energy and behavioral economics.[1] Early traction includes NSF SBIR/STTR funding support and investments from RVF Angel Fund, New Stack Ventures, and others, leading to patented technology now saving hotels over $20M yearly in utilities.[1][2][4]
Shower Stream rides the clean technology and IoT-for-sustainability wave, targeting hospitality's massive $8B shower-related waste amid rising energy costs, water scarcity, and ESG pressures. Timing aligns with post-pandemic hotel recovery, where operators seek no-capex efficiency tools; market forces like green incentives and tax credits amplify adoption, as seen in NSF-backed innovation for high-risk tech.[1][2][4] It influences the ecosystem by proving scalable IoT in extreme environments, paving the way for broader smart-building retrofits in multifamily housing and commercial real estate, while fostering data standards for utility management.
With $500K revenue and chain adoption, Shower Stream is poised for expansion into larger portfolios and adjacent sectors like resorts or apartments, leveraging its NSF validation and investor base for Series A scaling.[1][4] Trends like AI-enhanced predictive maintenance and stricter water regulations will accelerate growth, potentially multiplying savings impact as hotels chase net-zero goals. Its influence may evolve from niche innovator to category leader, redefining "smart utilities" and delivering sustained ROI in a resource-constrained world—turning showers from cost drains into profit streams.
Shower Stream has raised $730K across 1 funding round. Most recently, it raised $730K Seed in June 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2019 | $730K Seed | Ascension Ventures, Climate Capital, Comcast Ventures, CP Ventures, Endeavor8, Left Lane Capital, Newlin, Origin Ventures, OurCrowd, Gordon Segal, Grant Newlin, Paul Sims |