PureTerra Ventures, an Amsterdam-based venture capital firm that backs disruptive WaterTech startups, has launched its second fund after securing €10 million from Invest-NL as a cornerstone investor toward a €150 million target.
The firm plans to mobilise additional capital from public, private and institutional investors to reach its €150 million target.
Founded in 2017 and headquartered in Amsterdam, PureTerra Ventures invests in early-stage water startups offering advanced scientific hardware or AI-driven software solutions that are ready for commercial scale. The firm focuses on technologies that enable industrial water reuse while facilitating the recovery of scarce resources such as lithium and phosphorus, and it leverages a global network of distributors, utilities, government departments and corporate partners — including key players in the Chinese water market — to support portfolio company commercialisation.
PureTerra’s first fund secured €73 million from investors including Orange Wings (Shawn Harris), the European Investment Fund (EIF), Invest-NL, insurer a.s.r. and a broad group of entrepreneurs, and has already backed 14 water companies.
The new capital will allow the firm to maintain the strategy of its first fund, continuing to invest in scalable technologies that improve water efficiency, cleanliness and safety across industries such as energy, food, chemicals and semiconductors, while further strengthening the Dutch water innovation ecosystem and encouraging additional private investment in the sector.
“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.” — Job van Schelven, Partner at PureTerra Ventures.
