Water technology-focused venture capital firm PureTerra Ventures announced that it has secured a €30 million (USD$33.4 million) commitment from the European Investment Fund (EIF) for PureTerra II, its second venture capital fund targeting early-stage companies developing water technologies, primarily in Europe.
The commitment, supported by the European Commission’s InvestEU program, will help finance companies seeking to move their technologies from pilot projects to full-scale industrial deployment.
Marjut Falkstedt, Chief Executive of the EIF, said:
“A fund like this one could hardly be more topical at this point in time…Europe’s water resources are under enormous pressure, closely related not only to climate change but also our excessive use of this scarce and crucial element.”
Founded in 2017, Amsterdam-based PureTerra invests in early-stage companies developing technologies for water treatment, monitoring, recycling and efficiency, including solutions for industrial water management, water quality monitoring and the reuse of water resources.
The new fund comes amid growing investment needs related to water scarcity, pollution and infrastructure. According to the European Commission, meeting existing EU water regulations requires an additional €23 billion in annual investment. PureTerra said that the fund aims to mobilize private capital to help address these needs.
According to the EIF, the investment aligns with the European Commission’s 2025 European Water Resilience Strategy and the EIB Group’s Climate Adaptation Plan and Water Resilience Program. The fund supports these objectives by targeting companies developing solutions for water pollution prevention, water treatment, circular water systems and climate-resilient resource management, areas that have historically attracted limited private capital.
Job van Schelven, Partner at PureTerra, said:
“With the EIF behind us we can take proven European water technology from pilot to full-scale deployment, which is where it starts to matter for Europe’s water security and for the industry that depends on it.”
