PureTerra Ventures, an Amsterdam-based enterprise capital agency backing disruptive WaterTech startups, has launched its second fund with €10 million funding from Make investments-NL, the Dutch nationwide financing and improvement establishment.
The agency has set a €150 million goal for its second fund and plans to mobilise the capital from public, non-public, and institutional traders.
Job van Schelven, Accomplice at PureTerra Ventures, stated, “Water is not a given, however a strategic prerequisite for business. As soon as water availability begins to constrain operations or scaling, it shortly turns into a expensive limiting issue. Throughout a number of sectors, we already see firms investing in options for water reuse and water high quality. This creates a singular alternative to generate significant constructive affect on water high quality and availability, whereas unlocking important financial potential.
“Make investments-NL has as soon as once more confirmed itself to be a associate prepared to step ahead when it issues, and we’re grateful to the Make investments-NL crew for his or her help.”
Based in 2017, PureTerra Ventures backs early-stage water startups with superior scientific {hardware} or AI-driven software program options prepared for industrial scale. It focuses on applied sciences that make industrial water appropriate for reuse whereas concurrently enabling the restoration of scarce assets, akin to lithium and phosphorus.
The VC agency has a world funding scope and claims to have a community of distributors, utilities, authorities departments, blue-chip firms and different key gamers within the Chinese language water market. In accordance with PureTerra Ventures, it makes use of this community to contribute to the industrial success of its portfolio firms.
PureTerra Ventures secured €73 million for its Fund I from Orange Wings (Shawn Harris), the European Funding Fund (EIF), Make investments-NL, insurer a.s.r., in addition to a broad group of entrepreneurs. It has already backed 14 water firms utilizing its Fund I.
For its second fund, the VC agency intends to take care of the technique of its first fund, investing in scalable applied sciences geared toward enhancing water effectivity, cleanliness, and security throughout industries akin to vitality, meals, chemical substances, and semiconductors.
In accordance with the VC agency, Make investments-NL’s participation as a cornerstone investor signifies confidence within the funding technique. Along with Make investments-NL, it goals to additional strengthen the Dutch water innovation ecosystem, with worldwide affect.
“Water performs a key position within the transition to a sustainable and future-proof economic system. PureTerra Ventures has demonstrated that specialised experience and lively engagement are important to efficiently carry modern water applied sciences to market. With this funding, we goal to stimulate additional non-public funding on this strategic sector,” stated Stefanie Landman, senior funding supervisor at Make investments-NL.
Make investments-NL accelerates and funds societal transitions within the fields of agrifood, the biobased and round economic system, DeepTech, vitality, and life sciences and well being.
