Flume Partners with HSB for Advanced Water Leak Protection

Deal News | Mar 06, 2025 | HFMC Capital LLC

Flume Partners with HSB for Advanced Water Leak Protection

Flume, a portfolio company of HCAP Partners, has announced a strategic collaboration with Hartford Steam Boiler (HSB) to enhance its water leak detection technology's reach. Leveraging the Internet of Things (IoT), Flume aims to offer advanced water leak detection services through HSB’s extensive insurance network. This partnership underscores the growing importance of integrating technology with traditional industries to offer innovative solutions. HFMC Capital LLC, a private equity firm, stands as a key investor behind Flume, showcasing its commitment to supporting tech-driven initiatives.

Sectors

  • Insurance
  • Internet of Things (IoT)
  • Private Equity

Geography

  • United States – The partnership involving Flume and HSB is operating within the U.S., where these entities are based and primarily offer their services.

Industry

  • Insurance – Hartford Steam Boiler is part of the insurance sector, focusing on risk management and safety for homeowners, which is enhanced through this partnership.
  • Internet of Things (IoT) – Flume's water leak detection service is a prime example of IoT technology, emphasizing its role in enhancing everyday household safety.
  • Private Equity – HCAP Partners and HFMC Capital LLC are part of the private equity sector, playing a crucial role in funding and expanding tech-based solutions.

Financials

    Participants

    NameRoleTypeDescription
    FlumeTarget companyCompanyFlume provides IoT-based water leak detection solutions, expanding its services through the new partnership.
    HCAP PartnersParent/Portfolio CompanyCompanyA private equity firm with Flume as one of its portfolio companies, supporting its strategic expansion.
    Hartford Steam Boiler (HSB)Partner CompanyCompanyHSB is an insurance company that is partnering with Flume to integrate IoT solutions into its insurance offerings.
    HFMC Capital LLCInvestment FirmCompanyA private equity firm involved in funding Flume's growth and innovation.