TLDR:
- Xylem, a water tech company, is expanding its corporate venture capital investment by $50m.
- The investment will focus on startups addressing climate challenges in the water sector.
US water technology company Xylem has announced a $50m expansion in corporate venture capital investment. The company, founded in 2011, offers products and services related to clean water delivery, wastewater treatment, and agricultural and industrial services. Operating in over 150 countries, Xylem has appointed Sivan Zamir as the vice president of early-stage innovation and corporate venture, leading the firm’s incubator and accelerator scheme, Xylem Innovation Labs, since 2021.
The additional capital will be used to finance startups that focus on tackling climate-related issues in the water sector such as water scarcity, quality, and decarbonisation. Xylem will support companies developing technologies for water treatment and water system management. This expansion follows a $20m investment made in 2022 across two funds, Burnt Island Ventures, and Westly Group, which aimed to support early-stage water innovation along with complementary areas such as energy and cybersecurity.
Xylem’s investment in startup and specialty VC funds underscores its commitment to addressing critical challenges in the water sector and supporting innovative solutions that align with its business goals and values.
