Xylem expands corporate venture capital investments to US$50m, targeting water scarcity, quality, and decarbonisation

Global water technology group Xylem is expanding its corporate venture investing plans with $50m committed to support emerging companies and water services providers that solve climate challenges such as water scarcity, quality, and decarbonisation.

Xylem will be investing directly in startups developing disruptive water technologies and specialty venture capital funds. These investments are focused on companies developing solutions that support Xylem’s growth priorities, including advanced treatment, digital technology, and services to help manage complex water systems.

“As water scarcity intensifies and demand grows, the need for innovative thinking has never been more acute,” said Sivan Zamir, vice-president, Xylem Innovation Labs. “Entrepreneurial founders and new technologies can be important sources of solutions to tackle water challenges. By collaborating with a network of partners, including venture capital firms and startups, we can bring innovations to market at speed and scale.”

Xylem’s expanded corporate venture capital framework builds on the success of existing partnerships. In 2022, Xylem invested a combined $20m in Burnt Island Ventures which targets early-stage water innovation, and The Westly Group — which focuses on energy, industry 4.0, and cybersecurity. The framework also includes continuous evaluation of new investments in targeted venture capital funds, as well as minority investments in startup companies.

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