Dryp in a new funding round backed by Investo Capital.

Dryp, a Copenhagen, Denmark-based developer of sensors used for monitoring water waste, completed a new equity funding raise worth DKK 9 million ($1.3 million).

The money was raised locally from Denmark, from investors including Investo Capital and existing shareholders from Trifork, via its investment vehicle Trifork Labs, and Aarhus Vand.

Dryp, founded in 2019 by CEO Peter Rasch and Malte Ahm,  uses IoT technology and big data to enable waterworks and wastewater companies to optimize operations and planning, including the prevention of sewer overflow and congestion of drainage systems. The Dryp solutions provide water utilities with easy access to information about their infrastructure to assist them in optimizing operations and planning while it simplifies the overall installation, maintenance, and management.

Prior to this round, Dryp raised money from Trifork in 2021.