Xylem invests in venture capital funds to support early-stage water technologies

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Xylem is making a US$20 million limited partner (LP) investment in venture capital funds Burnt Island Ventures and The Westly Group’s Funds III and IV, supporting the development of innovative water and industrial technologies.

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The investments will bolster Xylem Innovation Labs’ open innovation network and its commitment to bringing the most important water technology innovations to market at speed and scale.

Burnt Island Ventures focuses on early-stage water innovation, while the Westly Group concentrates on energy, industry 4.0 and cybersecurity. They will give Xylem a global view and early visibility of technologies across the water value chain, including digital solutions, that are on the path to technological and commercial success.

“A key element of Xylem’s innovation ecosystem is investing in early-stage technology, whether developed in-house, or by promising external entrepreneurs and innovators,” said David Flinton, chief innovation, technology and products officer at Xylem. “Our team, Xylem Innovation Labs, is working closely with our colleagues at Burnt Island Ventures and The Westly Group to nurture and scale disruptive ideas in the water industry.”