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

PureTerra Ventures, an Amsterdam-based venture capital firm backing disruptive WaterTech startups, has launched its second fund with €10 million investment from Invest-NL, the Dutch national financing and development institution.

The firm has set a €150 million target for its second fund and plans to mobilise the capital from public, private, and institutional investors.

Job van Schelven, Partner at PureTerra Ventures, said, “Water is no longer a given, but a strategic prerequisite for industry. Once water availability starts to constrain operations or scaling, it quickly becomes a costly limiting factor. Across multiple sectors, we already see companies investing in solutions for water reuse and water quality. This creates a unique opportunity to generate meaningful positive impact on water quality and availability, while unlocking significant economic potential. 

“Invest-NL has once again proven itself to be a partner willing to step forward when it matters, and we are grateful to the Invest-NL team for their support.”

Founded in 2017, PureTerra Ventures backs early-stage water startups with advanced scientific hardware or AI-driven software solutions ready for commercial scale. It focuses on technologies that make industrial water suitable for reuse while simultaneously enabling the recovery of scarce resources, such as lithium and phosphorus. 

The VC firm has a global investment scope and claims to have a network of distributors, utilities, government departments, blue-chip companies and other key players in the Chinese water market. According to PureTerra Ventures, it uses this network to contribute to the commercial success of its portfolio companies. 

PureTerra Ventures secured €73 million for its Fund I from Orange Wings (Shawn Harris), the European Investment Fund (EIF), Invest-NL, insurer a.s.r., as well as a broad group of entrepreneurs. It has already backed 14 water companies using its Fund I. 

For its second fund, the VC firm intends to maintain the strategy of its first fund, investing in scalable technologies aimed at improving water efficiency, cleanliness, and safety across industries such as energy, food, chemicals, and semiconductors.

According to the VC firm, Invest-NL’s participation as a cornerstone investor indicates confidence in the investment strategy. Together with Invest-NL, it aims to further strengthen the Dutch water innovation ecosystem, with international impact.

“Water plays a key role in the transition to a sustainable and future-proof economy. PureTerra Ventures has demonstrated that specialised expertise and active engagement are essential to successfully bring innovative water technologies to market. With this investment, we aim to stimulate further private investment in this strategic sector,” said Stefanie Landman, senior investment manager at Invest-NL. 

Invest-NL accelerates and finances societal transitions in the fields of agrifood, the biobased and circular economy, DeepTech, energy, and life sciences and health.

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