For some years now, PureTerra Ventures has been beating the drum about the water distress coming at us as a freight train; about water being taken for granted; that the water distress is not only an environmental issue but also an investment opportunity and how that has been overlooked by financial markets.
Droughts, floods, and water pollution slapped Europe in the face this summer. This should be the wake-up call. Water and climate are intertwined. An unsustainable water cycle is both an effect of, and a cause of climate change.
Today marks the turn. We are delighted that the European Investment Fund (EIF), together with a group of private investors, committed EUR 60 million to scale water technologies through PureTerra.
PureTerra is a team of entrepreneurs, water experts and investors with the vision of “Clean Water For All”. We believe that current legacy systems are insufficient to achieve a sustainable water cycle. We have screened thousands of game-changing technologies focusing on water quality, efficient treatment and use of water, and the circularity of resources.
At the EU Sustainable Investment Summit on 28 October, Mrs Von der Leyen highlighted two paths for climate action: 1) to mobilise private capital through public funding; and 2) to empower people. EIF’s commitment to PureTerra undoubtedly paved the way for the private market to invest in water businesses. PureTerra has the capacity to a final close at EUR 100 million in mid-2023.
It is the core of our strategy to empower people, PureTerra takes an active role in assisting founders of disruptive water technologies to grow their businesses and counter water distress.
PureTerra is beyond grateful to its investors and their support in achieving our vision of Clean Water for All.
