Xylem Expands Corporate Venture Capital Investments

17.07.2024
Xylem (XYL) is expanding its corporate venture investing plans with $50 million committed to support emerging companies and water services providers that solve critical climate challenges such as water scarcity, quality, and decarbonization. Xylem aims to accelerate the availability of water solutions to address these challenges by directly investing in startups developing disruptive water technologies, and by investing in specialty venture capital funds.
Xylem Expands Corporate Venture Capital Investments

Image source: Xylem Inc.

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.

“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 disruptive new technologies can be important sources of solutions to tackle some of the world’s greatest water challenges. By collaborating with a broad network of partners, including venture capital firms and startups, we believe that we can bring essential 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 $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 continuous evaluation of new investments in targeted venture capital funds, as well as minority investments in start-up companies.

More articles on this topic

Emissions-Free Capability of HYTING’s Hydrogen Heating System Confirmed through Measurement Technology from Wöhler

08.11.2024 -

Start-up hydrogen heating technology company HYTING has announced independent test results confirming that its technology produces no harmful emissions. The assessments were carried out by the globally-operating emissions measurements specialist Wöhler Technik GmbH on a prototype of a hydrogen heating system developed by HYTING.

Read more

Rental Bypass for Aeration Tank Delivers Reliable Performance During Upgrade

25.10.2024 -

To upgrade an aeration tank at a major wastewater treatment plant in Toulouse, France, the plant required a bypass solution that could efficiently reroute 10,000 cubic meters of water per hour. The local water utility, Eau de Toulouse Métropole, partnered with Xylem’s rental team to install a customized bypass solution that not only operated without fail but also saved energy.

Read more