Xylem has announced a $50 million expansion of its corporate venture capital program to back emerging companies and water service providers working to address critical climate-driven water issues like scarcity, quality, and decarbonization.
This initiative aims to accelerate the development of innovative water solutions. Xylem will make direct investments in startups pioneering disruptive water technologies and also contribute to specialized venture funds.
These investments align with Xylem’s strategic priorities, including advanced treatment, digital technologies, and services for managing 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 of Xylem Innovation Labs. “Entrepreneurial founders and disruptive new technologies can be important sources of solutions to tackle the world’s greatest water challenges. By collaborating with partners like venture capital firms and startups, we believe we can bring essential innovations to market quickly and at scale.”
This expansion builds on Xylem’s existing partnerships. In 2022, the company 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. The new framework will involve ongoing evaluations of potential investments in targeted venture funds and minority stakes in startup companies.
Source :Xylem
