The company will use additional capital to finance startups aiming to tackle climate challenges in the water sector.
Image of Sivan Zamir, courtesy of LinkedIn
US water technology company Xylem has announced a $50m expansion in corporate venture capital investment.
Founded in 2011, Xylem’s products span applications including clean water delivery, wastewater treatment and agricultural and industrial services. It operates in more than 150 countries.
Sivan Zamir (pictured), vice president of early-stage innovation and corporate venture, has led the firm’s incubator and accelerator scheme, Xylem Innovation Labs, since 2021.
The additional fund will invest in startups and speciality VC funds, targeting companies that tackle climate-related problems of water scarcity, quality and decarbonisation.
To do this, Xylem will support companies developing water treatment and water system management technologies.
It follows an investment of $20m made in 2022 across two funds, Burnt Island Ventures and Westly Group. These focused on supporting early-stage water innovation, and complementary areas such as energy and cybersecurity.
