HomeUSAXylem Expands Corporate Venture Capital Investments to $50M

Xylem Expands Corporate Venture Capital Investments to $50M

Xylem

Xylem (NYSE: XYL), a Washington, DC-based global water technology company, is expanding its corporate venture investing plans with additional $50M.

It aims to support emerging companies and water services providers that solve critical climate challenges such as water scarcity, quality, and decarbonization.

These investments are focused on companies developing solutions that support its growth priorities, including advanced treatment, digital technology, and services to help manage complex water systems.

Xylem’s expanded corporate venture capital framework builds on existing partnerships. In 2022, it invested a combined $20M in Burnt Island Ventures, which targets early-stage water innovation, and The Westly Group, which focuses on energy, industry 4.0, and cybersecurity. The framework also includes continuous evaluation of new investments in targeted venture capital funds, as well as minority investments in start-up companies.

Xylem (XYL) is a global water technology company committed to solving critical water challenges with innovation and expertise. It serves customers to optimize water and resource management in more than 150 countries. Its 23,000 employees delivered combined pro forma revenue of $8.1 Billion in 2023.

VCWire

11/07/2024