Amsterdam’s PureTerra Ventures launches €150 million WaterTech Fund II with €10 million backing from Invest-NL

PureTerra Ventures, an Amsterdam-based equity capital company backing turbulent WaterTech start-ups, has actually introduced its 2nd fund with EUR10 million financial investment from Invest-NL, the Dutch nationwide funding and growth organization.

The company has actually established a EUR150 million target for its 2nd fund and prepares to mobilise the funding from public, personal, and institutional capitalists.

Task van Schelven, Companion at PureTerra Ventures, claimed, ” Water is no more an offered, yet a tactical requirement for sector. When water accessibility begins to constrict procedures or scaling, it rapidly comes to be a pricey restricting aspect. Throughout numerous fields, we currently see business buying remedies for water reuse and water top quality. This develops a distinct possibility to create purposeful favorable influence on water top quality and accessibility, while opening considerable financial possibility.

” Invest-NL has actually once more verified itself to be a companion ready to advance when it matters, and we are thankful to the Invest-NL group for their assistance.”

Established In 2017, PureTerra Ventures backs early-stage water start-ups with innovative clinical equipment or AI-driven software application remedies prepared for business range. It concentrates on modern technologies that make commercial water appropriate for reuse while all at once making it possible for the recuperation of limited sources, such as lithium and phosphorus.

The VC company has an international financial investment extent and asserts to have a network of suppliers, energies, federal government divisions, leading business and various other principals in the Chinese water market. According to PureTerra Ventures, it utilizes this network to add to the business success of its profile business.

PureTerra Ventures protected EUR73 million for its Fund I from Orange Wings (Shawn Harris), the European Mutual Fund (EIF), Invest-NL, insurance firm a.s.r., in addition to a wide team of business owners. It has actually currently backed 14 public utility utilizing its Fund I.

For its 2nd fund, the VC company means to keep the approach of its initial fund, buying scalable modern technologies targeted at enhancing water effectiveness, tidiness, and safety and security throughout markets such as power, food, chemicals, and semiconductors.

According to the VC company, Invest-NL’s involvement as a foundation capitalist suggests self-confidence in the financial investment approach. Along with Invest-NL, it intends to more enhance the Dutch water development environment, with worldwide effect.

” Water plays a crucial duty in the change to a lasting and future-proof economic situation. PureTerra Ventures has actually shown that specialized proficiency and energetic interaction are important to efficiently bring ingenious water modern technologies to market. With this financial investment, we intend to boost more personal financial investment in this tactical industry,” claimed Stefanie Landman, elderly financial investment supervisor at Invest-NL.

Invest-NL increases and funds social changes in the areas of agrifood, the biobased and round economic situation, DeepTech, power, and life scientific researches and wellness.

The blog post Amsterdam’s PureTerra Ventures launches €150 million WaterTech Fund II with €10 million backing from Invest-NL showed up initially on EU-Startups.