Fundraising Fox

Leakmited

Entrepreneur First '19

Paris, FR · Founded 2019 · 4 known investors

leakmited.com

Leakmited offers Twin, a digital twin platform that unifies asset, technical, and budget data for local authorities managing drinking water and sanitation networks, letting them build and update multi-year investment plans (PPI), simulate renovation scenarios, and generate work and subsidy files. It serves French water utilities and municipalities, using AI to detect inconsistencies in decade-long plans and simulate water savings and network efficiency.

Also known as LeakMited

Advanced ManufacturingAI & Machine LearningCleantechClimate TechGovTech

Founders & leadership

Leakmited was founded in 2019 by Hubert Baya Toda and Juan Barragan.

HBHubert Baya Toda
Hubert Baya TodainFounder and CEO
JBJuan Barragan
Juan BarraganinCTO and Cofounder2018–2021

Investors · 4

Also in the syndicate · 2

Caisse des Dépôts et ConsignationsStarquestlead

Company profile

researched Aug 2026

Leakmited is a French company specialising in the performance of drinking water networks. It sells to water utilities, municipalities and public network operators, combining artificial intelligence with field expertise to reduce water losses and prioritise infrastructure renewal. According to its press materials, it supports more than 100 operators facing understaffed technical teams, deteriorating networks and fragmented tooling.

The offering is organised around two product lines. Sprint is a performance-based leak detection service in which Leakmited deploys its own expert leak investigators to critical areas, guided by the company's AI; the company states that if no demonstrable performance improvement is achieved within two weeks, no charge is made. Twin is a software platform delivered as a shared interface for elected officials and technicians, split into Twin patrimonial/renovation planning — which turns network data into a scalable multi-year renewal plan (PPI) to prioritise investments within a fixed budget — and Twin exploitation, which centralises telemetry, remote meter reading and GIS data to identify at-risk sectors earlier, organise field rounds and track the impact of interventions on network efficiency.

Leakmited positions its distinguishing feature as the continuity between field action, operational management and investment strategy: interventions inform monitoring, and monitoring informs renewal planning. The company reports having been supported since inception by Banque des Territoires, and also cites Starquest as a backer.

Founding story

Founded in 2019 around the question of why, when and how water leaks occur, followed by three years of field research with European water utilities and public network managers.

Business model

Leakmited combines a software subscription-style offering (Twin, for renovation planning and network operation monitoring) with a field service (Sprint leak detection) delivered by its own expert investigators. The Sprint service is billed on results: the company states that customers pay based on performance achieved, with no charge if no demonstrable improvement in network performance occurs within two weeks; one customer describes a threshold of finding at least 20% of leaks before payment begins.

Software for network renewal planning and operational supervision sold to water utilities and local authorities, plus performance-based (results-billed) leak detection services.

Traction

Company-reported figures: more than 100 water utilities supported; over 30,000 km of networks managed with Twin; more than 1,000,000 leaks recorded across more than 400,000 km of analysed network; an average 35% (elsewhere stated as over 30%) reduction in water losses, with some customers reducing losses by up to 75%. Reported 2024 sales of nearly €2 million, with a stated goal of profitability within 18–24 months of the January 2025 round.

Latest developments

Product updates to Twin include the ability to create worksite lists and integrate them into renewal plans. The press page lists sustained French media coverage of deployments through late 2025 and early 2026, including Béziers Méditerranée, Grand Paris Sud, Sicoval and the Eure water syndicate SERPN.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positions itself as a specialist in drinking-water network performance for French public operators, claiming more than 100 utilities as customers and differentiating on results-based commercial terms rather than tooling alone.

The company cites the simplicity of its solution and the continuity between field intervention, operational management and investment strategy, plus results-based billing for leak detection and a frugal, locally-processed AI that works offline in the field.

Technology

AI models that estimate leak risk across water networks and support prioritisation of renewals, applied to network, telemetry, remote-meter and GIS data. Leakmited describes a 'frugal' and ethical AI approach: models optimised for low resource consumption, data structured with time, location and context metadata, and embedded local processing that runs on field teams' mobile devices without a constant internet connection. Customer data is hosted exclusively in Europe in certified, encrypted and regularly audited environments, under customer control and used only to improve their network performance.

Go-to-market

Direct sales to public water operators and local authorities, supported by named customer references and testimonials, a press relations programme (agency C3M) generating regional and trade coverage in France, and a low-risk commercial entry point via performance-based billing on Sprint leak detection campaigns.

Drinking water utilities, régies, intercommunal water syndicates and local authorities of all sizes, primarily in France. Named users include the Rouen metropolitan area, Syndicat Sud Charente, Eau du Ponant, Pays Voironnais, Béziers agglomération/Béziers Méditerranée, Grand Paris Sud, Sicoval, SIEA, SMEC, the Syndicat d'Eau du Roumois et du Plateau du Neubourg (SERPN) and the Syndicat Intercommunal des Eaux de Beaufort.

Geography

Headquartered in Paris, France, with customers across French regions. At the time of its 2025 Series A the company reported partnerships already established in Italy, the United Kingdom and South Africa, and a blog post references a UK expansion effort.

History

Founded in 2019, Leakmited spent three years on research alongside water utilities and public network managers in Europe to understand why, when and how water leaks occur. It raised a €5 million Series A announced in January 2025 from Starquest (via its Starquest Protect fund) and the Caisse des Dépôts et Consignations, its first outside investors, and says it has been supported by the Banque des Territoires since inception.

Risks & controversies

Several performance figures (loss reduction percentages, kilometres managed, number of utilities) are self-reported by the company and not independently verified in the sources. Third-party aggregator data on revenue, valuation and funding totals is estimated and inconsistent with the primary reporting of a single €5 million Series A.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Annual revenueJan 2024$2M
Average reduction in water lossesJan 2026$35
Employee count (third-party estimate)Jan 202621-50 employees
Estimated annual revenue (third-party estimate)Jan 2026$3.4M
Estimated valuation (third-party estimate)Jan 2026$11M
Leaks recorded by the AIJan 20261,000,000 leaks
Maximum customer reduction in water lossesJan 2026$75
Network analysedJan 2026400,000 km
Network length managed with TwinJan 202630,000 km
Total funding (third-party estimate)Jan 2026$11.5M
Water savedJan 20268,000,000 liters
Water utilities / local authorities supportedJan 2026100 customers
Years of R&D before commercialisationJan 20263 years

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 7

launches, deals, and filings
Feb 2026
SERPN water syndicate in Eure deploys Leakmited AI for leak detection

Multiple French outlets reported the Syndicat d'Eau du Roumois et du Plateau du Neubourg using AI to identify pipes to repair after losing about a million cubic metres of water to leaks.

source ↗

Jan 2026
Twin update adds worksite lists integrated into renewal plans

Website news banner announces that users can create worksite lists and integrate them into their plans in one click.

source ↗

Nov 2025
Béziers Méditerranée uses Leakmited to optimise water network management

source ↗

Oct 2025
Grand Paris Sud water authority adopts Twin by Leakmited

source ↗

Jul 2025
Sicoval deployment reported to save 110,000 m³ per year

French press reported that the Sicoval intercommunal authority near Toulouse adopted Leakmited's AI for leak detection, with reported savings of 110,000 m³ of water and €300,000 per year.

source ↗

Jan 2025
Leakmited raises €5 million Series A from Starquest and Caisse des Dépôts

First external investors in the company's capital; round led by Starquest via its Starquest Protect fund alongside Caisse des Dépôts et Consignations. Proceeds earmarked for strengthening presence in France and internationally.

$5M source ↗

Jan 2025
International partnerships in Italy, the UK and South Africa

At the time of its Series A, Leakmited reported partnerships already established in Italy, the United Kingdom and South Africa, with plans to expand into new strategic markets.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Leakmited do?
French company using AI to help water utilities cut drinking-water losses via leak detection services and the Twin network planning software.
Who founded Leakmited?
Leakmited was founded by Hubert Baya Toda, Juan Barragan in 2019.
Who are Leakmited's investors?
Leakmited's investors include Entrepreneur First, Starquest Capital.
Where is Leakmited headquartered?
Leakmited is headquartered in Paris, FR.