in Barcelona
3 to 5 Nov 2026New York-based investment firm Burnt Island Ventures (BIV) has closed a second early-stage fund of US$50 million dedicated exclusively to water-technology companies active in treatment, monitoring, reuse and infrastructure resilience. The firm, founded in 2020, already closed its first fund of US$30 million.
BIV will use the new fund to back seed-stage companies globally, with typical investments in the US$1 million to US$1.5 million range per startup and usually taking board seats.
The firm specialises in the water sector, an industry estimated at around US$1.4-1.6 trillion in value, yet historically under-funded relative to other climate technologies.
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Among BIV’s limited partners is global water-technology company Xylem, which invested in the firm’s first fund and has committed more broadly to supporting water innovation.
With the new fund, BIV aims to fill a gap in water-technology financing by backing startups developing solutions such as advanced filtration, digital monitoring, infrastructure efficiency and circular-water systems.
