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-0.000646302469555744 -0.000136063677801281 -0.000816382066807297 -0.00125858901966122 0.00190489148921696 0.00030614327505264 0.00248316211987197 0.00826586842642359
Stock impact report

Burnt Island Ventures Raises $50 Million to Fund the Development of Critical Water Technologies and Infrastructure

Xylem Inc. New (XYL) 
Last xylem inc. new earnings: 2/6 06:50 am Check Earnings Report
US:NYSE Investor Relations: xylem.com/en-us/investors
Company Research Source: Business Wire
Aging infrastructure, escalating water challenges, and accelerating demand from hyperscalers in AI, cloud computing and semiconductor manufacturing has increased the need for water technology solutions NEW YORK--(BUSINESS WIRE)--Burnt Island Ventures, the world’s leading venture capital firm dedicated exclusively to funding early-stage water innovation, today announced the closing of its second fund with $50 million committed to invest in critical technologies in the $1.6 trillion water market that underpins roughly 60% of global GDP, according to a World Wide Fund for Nature report.1Founded by water industry veteran Tom Ferguson, Burnt Island Ventures launched in 2020 to fill the chronic funding gap in water innovation despite the sector’s massive market size and growing demand for new technologies. The firm’s debut $30 million Fund I is fully deployed across 18 companies, with two exits to date, strong portfolio growth, and top-decile performance. Burnt Island Ventures has backed Show less Read more
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