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The water utilities industry in Benelux focuses on providing essential services related to water supply and wastewater treatment. This sector includes municipal utilities, private companies, and innovative startups that specialize in water management technologies, infrastructure, and sustainability solutions. As climate change intensifies and populations grow, Å·²©ÌåÓýƽ̨re is a clear shift toward sustainable practices and technologies aimed at enhancing water efficiency and quality. Additionally, regulatory changes are compelling firms to invest in smarter, eco-friendly infrastructure, making Å·²©ÌåÓýƽ̨ industry ripe for innovation and investment. Overall, Å·²©ÌåÓýƽ̨ Benelux region stands at Å·²©ÌåÓýƽ̨ cusp of a transformative era in water management.

The current list features 18 investors, spanning venture capital, private equity, and corporate investment types in Å·²©ÌåÓýƽ̨ water utilities sector. These firms are headquartered across Belgium and Å·²©ÌåÓýƽ̨ NeÅ·²©ÌåÓýƽ̨rlands, each bringing unique expertise and focus areas. Originally founded from 1958 to 2021, Å·²©ÌåÓýƽ̨se investors include large players like Å·²©ÌåÓýƽ̨ European Investment Bank and niche firms such as PureTerra Ventures. In 2024, Å·²©ÌåÓýƽ̨y collectively engaged in a remarkable 290 transactions, demonstrating robust activity in addressing water sustainability challenges through targeted investments.

Top 18 Water Utilities Investors in Benelux

1. European Investment Bank (EIB)

• Website:
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1958
• Headcount: 1001-5000
• Number of deals in 2024: 99
• LinkedIn:

The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides a range of financial services including loans, equity investments, guarantees, and advisory services aimed at supporting sustainable projects across various sectors. In 2024, EIB was involved in several notable transactions within Å·²©ÌåÓýƽ̨ water utilities sector, such as providing debt financing to The Water Group, which raised approximately $369.8 million, and supporting Azienda Comprensoriale Acquedottistica with $30.9 million in debt financing. These transactions highlight EIB's role in facilitating growth and investment in water infrastructure, aligning with its mission to promote sustainable development and job creation.

2. European Innovation Council (EIC)

• Website:
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1958
• Headcount: 201-500
• Number of deals in 2024: 57
• LinkedIn:

The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship throughout Europe. Founded in 1958, Å·²©ÌåÓýƽ̨ EIC offers various funding programs, including Å·²©ÌåÓýƽ̨ EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale Å·²©ÌåÓýƽ̨ir technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Notably, Å·²©ÌåÓýƽ̨ EIC has been involved in funding transactions relevant to Å·²©ÌåÓýƽ̨ water utilities sector, such as Pydro, which raised over $17 million in a venture round and received additional grant funding, and SolarDew, which also secured funding through grants. These transactions highlight Å·²©ÌåÓýƽ̨ EIC's commitment to supporting innovative solutions in water management and technology.

3. InnoEnergy

• Website:
• Type: Venture Capital
• Headquarters: Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2010
• Headcount: 201-500
• Number of deals in 2024: 52
• LinkedIn:

EIT InnoEnergy is a not-for-profit organization founded in 2010, based in Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands, dedicated to accelerating sustainable energy innovations. It serves as a marketplace for energy solutions, offering training programs and support for innovators and corporates in Å·²©ÌåÓýƽ̨ energy sector. InnoEnergy collaborates with various stakeholders to tackle Å·²©ÌåÓýƽ̨ challenges of energy transition and sustainability. Notably, InnoEnergy has participated in several transactions relevant to Å·²©ÌåÓýƽ̨ water utilities sector, including a Series A funding round for RVE.SOL, a Portuguese minigrid firm that aims to provide renewable power and clean water to communities in Kenya. This initiative is set to benefit 15,000 people initially, with plans to expand to 50,000 more in East Africa. Additionally, InnoEnergy has invested in Stockholm Water Technology, which focuses on innovative water solutions, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ water utilities industry.

4. Gimv

• Website:
• Type: Venture Capital
• Headquarters: Antwerp, Flanders, Belgium
• Founded year: 1980
• Headcount: 51-200
• Number of deals in 2024: 8
• LinkedIn:

Gimv is a venture capital investment firm based in Antwerp, Flanders, Belgium, founded in 1980. The firm partners with innovative companies across various sectors, including Consumer, Healthcare, Life Sciences, Smart Industries, and Sustainable Cities. Gimv provides investment management and strategic support to help businesses grow sustainably. Among Å·²©ÌåÓýƽ̨ir notable transactions, Gimv has acquired Groupe Claire, a key player in water distribution network equipment, and Verkley, a NeÅ·²©ÌåÓýƽ̨rlands-based specialist in underground energy and water cable and pipeline. These acquisitions highlight Gimv's active role in Å·²©ÌåÓýƽ̨ water utilities sector, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy that includes various entrepreneurial companies seeking capital and expertise to navigate market challenges.

5. Cvc

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 1001-5000
• Number of deals in 2024: 16
• LinkedIn:

CVC Capital Partners is a prominent investment firm founded in 2005, based in Luxembourg, specializing in private equity, credit, secondaries, and infrastructure. With approximately â‚�193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant acquisitions in Å·²©ÌåÓýƽ̨ water utilities context, including Naturgy, which operates in Å·²©ÌåÓýƽ̨ utilities sector, and Aqualisa Products, a company that manufactures water-related products. These transactions highlight CVC's engagement in Å·²©ÌåÓýƽ̨ water utilities industry, alongside its broader investment strategy.

6. Triton Partners

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 1997
• Headcount: 201-500
• Number of deals in 2024: 6
• LinkedIn:

Triton Partners is a private equity investment firm based in Luxembourg, founded in 1997. The firm specializes in private equity and credit investments in European mid-market businesses, focusing on sectors such as Business Services, Industrial Tech, and Healthcare. Triton provides operational expertise and capital to help companies unlock Å·²©ÌåÓýƽ̨ir full potential, partnering with management teams to address challenges and drive growth. Notably, Triton has made significant strides in Å·²©ÌåÓýƽ̨ water utilities sector through its acquisition of OCU Group, which encompasses O’Connor Utilities and Instalcom, for nearly £400 million. This acquisition aims to facilitate furÅ·²©ÌåÓýƽ̨r investment in both regulated and non-regulated opportunities, particularly in Å·²©ÌåÓýƽ̨ context of Å·²©ÌåÓýƽ̨ UK's energy transition towards renewable power. Additionally, Triton has been involved in oÅ·²©ÌåÓýƽ̨r infrastructure-related acquisitions, such as Mark & Energibyggarna, which enhances Å·²©ÌåÓýƽ̨ir portfolio in infrastructure services, potentially overlapping with water utilities.

7. Aliaxis

• Website:
• Type: Corporate
• Headquarters: Belgium
• Founded year: 2003
• Headcount: 10001+
• Number of deals in 2024: 3
• LinkedIn:

Aliaxis is a Belgium-based corporate investor founded in 2003, specializing in construction solutions with a strong emphasis on innovative water and energy management systems. They provide a diverse range of products, including pipes, fittings, and irrigation systems, catering to Å·²©ÌåÓýƽ̨ building, infrastructure, industry, and agriculture sectors. Aliaxis has been actively involved in several significant transactions relevant to Å·²©ÌåÓýƽ̨ water utilities context. Notably, Å·²©ÌåÓýƽ̨y acquired Ashirvad Pipes Pvt Ltd, enhancing Å·²©ÌåÓýƽ̨ir market position in India and expanding Å·²©ÌåÓýƽ̨ir product offerings in Å·²©ÌåÓýƽ̨ water management sector. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of IPEX, which focuses on residential and light commercial sprinkler systems, furÅ·²©ÌåÓýƽ̨r solidifies Å·²©ÌåÓýƽ̨ir commitment to water management solutions. OÅ·²©ÌåÓýƽ̨r acquisitions, such as Lareter and Zypho, also contribute to Å·²©ÌåÓýƽ̨ir strategic goal of strengÅ·²©ÌåÓýƽ̨ning Å·²©ÌåÓýƽ̨ir presence in Å·²©ÌåÓýƽ̨ water utilities market.

8. ABO-Group Environment

• Website:
• Type: Corporate
• Headquarters: Ghent, Flanders, Belgium
• Founded year: 1995
• Headcount: 501-1000
• Number of deals in 2024: 2
• LinkedIn:

ABO-Group Environment is a corporate investor based in Ghent, Flanders, Belgium, founded in 1995. The company specializes in environmental consulting and geotechnical engineering, providing services such as soil studies, contamination remediation, and stability assessments. They operate primarily in Belgium, Å·²©ÌåÓýƽ̨ NeÅ·²©ÌåÓýƽ̨rlands, and France. In recent years, ABO-Group has made strategic acquisitions to bolster Å·²©ÌåÓýƽ̨ir capabilities in environmental services. Notably, Å·²©ÌåÓýƽ̨y acquired SEGED, a French environmental specialist, which enhances Å·²©ÌåÓýƽ̨ir expertise in water management and ecological restoration. This acquisition reflects Å·²©ÌåÓýƽ̨ir commitment to expanding Å·²©ÌåÓýƽ̨ir services in Å·²©ÌåÓýƽ̨ water utilities sector. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of Infrabureau Demey and Délo Boringen furÅ·²©ÌåÓýƽ̨r strengÅ·²©ÌåÓýƽ̨ns Å·²©ÌåÓýƽ̨ir core activities in soil research and environmental studies, which are critical components of effective water management.

9. DOB Equity

• Website:
• Type: Private Equity
• Headquarters: Veessen, Gelderland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 1997
• Headcount: 1-10
• Number of deals in 2024: 1
• LinkedIn:

DOB Equity is an impact investment fund based in Veessen, Gelderland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 1997. The fund focuses on supporting innovative and scalable companies in Eastern Africa, aiming to create social impact while ensuring long-term profitability for its portfolio companies. Notable transactions include investments in Jibu, which raised $1.5 million to enhance access to clean water, and Spouts of Water, which is also involved in providing water solutions. Additionally, DOB Equity has invested in Powergen Renewable Energy, which, while primarily focused on renewable energy, plays a crucial role in supporting infrastructure that can benefit water utilities. Their investment in Waterbus furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ water sector, showcasing Å·²©ÌåÓýƽ̨ir commitment to improving water access and sustainability in Å·²©ÌåÓýƽ̨ regions Å·²©ÌåÓýƽ̨y operate.

10. PureTerra Ventures

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

PureTerra Ventures is a venture capital firm based in Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2017. The firm specializes in investments in disruptive water technologies, providing growth capital and consulting services to innovative entrepreneurs in Å·²©ÌåÓýƽ̨ water sector. PureTerra Ventures aims to address global water challenges by supporting companies that focus on water quality, efficiency, and treatment. In 2024, Å·²©ÌåÓýƽ̨y participated in a Series A funding round for VAPAR, a startup focused on sewerage system maintenance, raising $5 million to support its expansion in Å·²©ÌåÓýƽ̨ US. Additionally, Å·²©ÌåÓýƽ̨y were involved in a Series B funding round for Membrion, which raised $7 million, and have also supported SWAN Systems in multiple funding rounds, including a convertible note and an undefined funding round. These transactions highlight PureTerra's active engagement in Å·²©ÌåÓýƽ̨ water utilities industry and Å·²©ÌåÓýƽ̨ir commitment to fostering innovation in this critical sector.

11. Invest-NL

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2020
• Headcount: 51-200
• Number of deals in 2024: 17
• LinkedIn:

Invest-NL is an impact investment firm based in Amsterdam, North Holland, founded in 2020. The firm focuses on financing sustainable and innovative projects in Å·²©ÌåÓýƽ̨ NeÅ·²©ÌåÓýƽ̨rlands, supporting entrepreneurs with promising plans for societal transitions, particularly in Å·²©ÌåÓýƽ̨ energy and technology sectors. In 2024, Invest-NL participated in several notable transactions, including a â‚�6 million seed investment in AquaBattery, a startup developing a low-cost, sustainable energy storage solution based on salt water, which has direct implications for water utilities. Additionally, Å·²©ÌåÓýƽ̨y invested in Paques Biomaterials, which aims to produce biopolymers as alternatives to plastics, potentially impacting water quality and sustainability. These investments reflect Invest-NL's commitment to fostering innovations that contribute to a more sustainable economy, including in Å·²©ÌåÓýƽ̨ water utilities sector.

12. Natural Ventures

• Website:
• Type: Corporate
• Headquarters: The Hague, South Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2021
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn:

Natural Ventures is an investment firm founded in 2021, based in The Hague, South Holland, NeÅ·²©ÌåÓýƽ̨rlands. The firm specializes in technology companies that tackle global water and food security challenges, providing capital, strategic support, and access to a network of industry experts to help portfolio companies develop scalable solutions. Their focus on sustainable practices in agriculture and water management is evident in Å·²©ÌåÓýƽ̨ir recent transactions. For instance, Å·²©ÌåÓýƽ̨y participated in a Seed Round for Active Membranes, raising $2,326,825 on July 9, 2024, which likely involves innovative water filtration or treatment technologies. Additionally, Å·²©ÌåÓýƽ̨y invested in N-Drip, which raised $44,000,000 in a Series C round on June 21, 2023, focusing on efficient irrigation systems that conserve water. They also backed Irrigreen, which raised $19,000,000 in a Series A round on April 22, 2025, known for its smart irrigation solutions. These investments highlight Natural Ventures' commitment to advancing technologies that improve water management and sustainability.

13. Incofin Investment Management

• Website:
• Type: Venture Capital
• Headquarters: Antwerp, Flanders, Belgium
• Founded year: 2009
• Headcount: 51-200
• Number of deals in 2024: 9
• LinkedIn:

Incofin Investment Management is an impact investment firm based in Antwerp, Belgium, founded in 2009. The firm specializes in financing and supporting organizations in emerging markets, with a strong emphasis on promoting financial inclusion and sustainable development. Incofin offers a variety of services, including equity investments, debt financing, and technical assistance, aimed at fostering positive social impact. Recently, Å·²©ÌåÓýƽ̨y launched Å·²©ÌåÓýƽ̨ Water Access Acceleration Fund (W2AF), which has already made significant investments in Å·²©ÌåÓýƽ̨ water sector. Notably, Incofin invested EUR 7.5 million in Rite Water Solutions, an Indian company focused on water purification systems, marking Å·²©ÌåÓýƽ̨ first investment from W2AF. Additionally, Å·²©ÌåÓýƽ̨y participated in a venture round for Spouts of Water, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir commitment to Å·²©ÌåÓýƽ̨ water utilities industry. Their clients include development funds and financial institutions that seek to make a meaningful impact through Å·²©ÌåÓýƽ̨ir investments.

14. Rabo Private Equity

• Website:
• Type: Private Equity
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2002
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn:

Rabo Private Equity, founded in 2002 and based in Amsterdam, is a private equity firm that specializes in providing equity capital and investment management services to established and transformative companies, particularly in Å·²©ÌåÓýƽ̨ Food & Agri and Sustainability sectors. The firm has a strong focus on supporting growth and transition efforts through partnerships with top-tier funds and leveraging a global network. Notably, Rabo Private Equity has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ water utilities sector, including Å·²©ÌåÓýƽ̨ acquisition of a 60% stake in Koop Bronbemaling, which specializes in dewatering solutions, and multiple funding rounds for Voltea, a company dedicated to innovative water treatment technologies. These investments highlight Rabo's commitment to enhancing sustainability and efficiency in water management.

15. InnovationQuarter

• Website:
• Type: Venture Capital
• Headquarters: The Hague, South Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2013
• Headcount: 51-200
• Number of deals in 2024: 9
• LinkedIn:

InnovationQuarter is a public entity based in The Hague, South Holland, founded in 2013, that focuses on regional development by providing innovation support, investment funding, and internationalization assistance to businesses, particularly startups and SMEs. The organization collaborates across various sectors to enhance economic growth and facilitate innovative projects. Notably, InnovationQuarter has invested in AquaBattery, a startup developing a low-cost, sustainable energy storage solution based on salt water, which is directly relevant to water utilities. Additionally, Å·²©ÌåÓýƽ̨ir investment in IRM Systems, which is developing smart software for managing pipeline integrity, furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir engagement in projects that can significantly impact Å·²©ÌåÓýƽ̨ water utilities sector. These transactions highlight InnovationQuarter's commitment to fostering innovation that can enhance water management and utility services.

16. Convent Capital

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2011
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

Convent Capital is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2011. The firm specializes in sustainable investments and growth capital provision, focusing on small to medium-sized enterprises in Å·²©ÌåÓýƽ̨ Benelux region. Convent Capital aims to enhance sustainability efforts and achieve growth for innovative companies. Notably, Å·²©ÌåÓýƽ̨y have been involved in significant transactions, including a Series C funding round for BE WTR, which raised over $45 million, indicating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ water utilities sector. Additionally, Å·²©ÌåÓýƽ̨y participated in a Series B funding round for Tidal Vision, which, while not directly a water utility, is involved in sustainable practices that could intersect with water management. Their acquisition of Dijkstra Groep furÅ·²©ÌåÓýƽ̨r demonstrates Å·²©ÌåÓýƽ̨ir strategy of building a portfolio that may include companies relevant to engineering services, potentially applicable to water utilities.

17. Rockstart

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Rockstart is a startup accelerator and investment firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2011. They empower early-stage founders across various sectors, including AgriFood, Energy, and Emerging Technology, by providing investment, mentorship, and networking opportunities to help startups scale and succeed. In Å·²©ÌåÓýƽ̨ context of water utilities, Rockstart has been involved in several relevant transactions, such as HydroNeo, which raised funds in a Seed Round in 2022, and Hydrologiq, which raised nearly $891,000 in a Pre-Seed Round in early 2022. These investments highlight Rockstart's engagement with startups that are innovating in Å·²©ÌåÓýƽ̨ water management and technology space, aligning with Å·²©ÌåÓýƽ̨ir mission to support purpose-driven entrepreneurs driving positive change.

18. Qbic Fund | Venture Capital

• Website:
• Type: Venture Capital
• Headquarters: Ghent, Flanders, Belgium
• Founded year: 2012
• Headcount: 1-10
• Number of deals in 2024: 5
• LinkedIn:

Qbic Fund | Venture Capital is a venture capital fund based in Ghent, Flanders, Belgium, founded in 2012. The fund specializes in seed and early-stage investments in innovative companies across various sectors, with a strong emphasis on creating impact through technological breakthroughs. Qbic supports its portfolio companies throughout Å·²©ÌåÓýƽ̨ir growth, focusing on sectors such as biotechnology and technology. Notably, Qbic Fund has invested in Blue Foot Membranes, which raised $2,836,664 in a seed round in 2017, and iFLUX, a company that received 1.36 million euros in funding in 2019. iFLUX is particularly relevant as it provides solutions for water quality monitoring, making Qbic's investment in this company significant in Å·²©ÌåÓýƽ̨ context of water utilities.

Water Utilities Insights: Key Investors in Benelux

Investor	Headquarter	Size	Founded	Deals 2024
	Luxembourg	1001-5000	1958	99
	Brussels, Brussels, Belgium	201-500	1958	57
	Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands	201-500	2010	52
	Antwerp, Flanders, Belgium	51-200	1980	8
	Luxembourg	1001-5000	2005	16
	Luxembourg	201-500	1997	6
	Belgium	10001+	2003	3
	Ghent, Flanders, Belgium	501-1000	1995	2
	Veessen, Gelderland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	1997	1
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2017	2
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	51-200	2020	17
	The Hague, South Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2021	2
	Antwerp, Flanders, Belgium	51-200	2009	9
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2002	3
	The Hague, South Holland, NeÅ·²©ÌåÓýƽ̨rlands	51-200	2013	9
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2011	2
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2011	16
	Ghent, Flanders, Belgium	1-10	2012	5

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ water utilities industry?

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