Xylem, the global water technology leader, is expanding its venture capital investment plans with $50 million committed to support emerging water companies and service providers that are solving critical climate challenges such as water scarcity, quality and decarbonization.
Xylem aims to accelerate the availability of water solutions to address these challenges by investing directly in startups developing disruptive water management technologies, and by investing in specialized venture capital funds. These investments are focused on companies developing cutting-edge solutions that support Xylem’s growth priorities, including advanced treatment, digital technology and services to help manage complex water systems.
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“As water scarcity intensifies and demand increases, the need for an innovative approach has never been more pronounced,” said Sivan Zamir, vice president, Xylem Innovation Labs. “Entrepreneurial creators and disruptive new technologies can be important sources of solutions to some of the world’s biggest water challenges. By collaborating with a broad network of partners, including venture capitalists and startups, we are confident we can bring critical innovations to market quickly and at scale.”
Xylem’s expanded venture capital strategy builds on the success of existing partnerships. In 2022, Xylem invested $20 million in Burnt Island Ventures, which targets early-stage water innovation, and The Westly Group, which focuses on energy, Industry 4.0 and cybersecurity (see 2022 announcement ). The framework also includes ongoing evaluation of new investments in targeted venture funds, as well as minority investments in startups.
SOURCE: Businesswire