Mazarine Ventures

Mazarine Ventures is a technology investment firm based in Chicago, Illinois, focused on generating social and environmental impact through early-stage investments. The firm specifically seeks out young companies that offer innovative solutions to improve efficiencies and address water and wastewater-related risks. Mazarine Ventures is particularly interested in founders who are proactive and dedicated to tackling challenges associated with public health, environmental protection, business continuity, and climate change. The firm invests in various sectors, including communications, networking, diagnostic equipment, biotechnology, water utilities, and software, targeting companies with revenue of around one million dollars. Through its investments, Mazarine Ventures aims to support ventures that contribute positively to society and the environment.

Pete Nassos

Co-Founder and Partner

14 past transactions

HOPE Hydration

Seed Round in 2024
HOPE Hydration is a company that designs, manufactures, and installs a network of advertiser-funded drinking water fountains in major cities and events. The company aims to provide clean, filtered, and chilled water, promoting sustainable hydration by ensuring that access to water is within a five-minute walk in urban areas worldwide. HOPE Hydration's products offer a convenient and touchless hydration solution, eliminating the need for single-use plastic water bottles. Additionally, the fountains incorporate advertising displays, allowing businesses and organizations to promote hydration while generating potential revenue through branding opportunities.

EQO

Pre Seed Round in 2022
Environmental Quality Operations (EQO) is a company focused on advancing environmental management through innovative molecular biology techniques. Its primary goal is to detect, monitor, and eradicate invasive species using a blend of bioengineering and diagnostic development expertise. EQO's services include highly sensitive assays for early detection of nuisance species, providing detailed analytics on population dynamics and activity. The company has developed a pioneering automated sampling platform that can be deployed at critical sites vulnerable to infestations, allowing for programmable sampling and rapid analysis of results upon submission. In addition to detection and monitoring, EQO conducts research and development aimed at creating targeted biopesticides designed to eliminate invasive species while minimizing adverse effects on native ecosystems, ultimately reducing costs associated with remediation efforts.

Pani Energy

Seed Round in 2021
Pani helps optimize water treatment plants, accelerating the water sector toward net zero. Current product: a cloud-based machine learning software platform that can elevate the efficiency of industrial and city scale desalination and wastewater treatment plants, without any retrofits or disruption to operations. Pani's award-winning AI Coach™ aggregates and ingests data from the plant, then analyzes, visualizes, and instructs operators how to optimize their plant's performance, saving time, resources, and the environment.

WaterClick

Seed Round in 2021
WaterClick is a software company dedicated to accelerating the digitization of small and medium-size water and wastewater utilities. Despite best intentions, many communities find themselves unable to effectively digitize their utility, translating into continued operational inefficiencies, less visibility into asset health & system risks, and an inability to efficiently report key metrics to government, regulators, and ratepayers. Benefits are widely understood, and solutions, of course, exist; however, the way ‘digital water’ is being packaged and sold to smaller utilities is, in fact, the barrier to utility modernization. The net result of stalled digitization is increased public health, safety, and environmental risks. WaterClick recognized that the way to accelerate utility modernization is NOT to lecture utilities about the benefits of digitization, rather, offer them a digital solution that meets their unique budget and operational needs. We operate a platform that streamlines the onboarding of digital tools, offers pre-configured integrations, and delivers a cloud-based dashboard and support desk, all via a subscription model. At the core of this ‘Platform as a Service’ (PaaS) business model is WaterClick’s proprietary ‘Click-in’ integration, which allows smaller utility operators to benefit from recent innovations in sensing, analytics, and decision support software that the larger utilities are already using; however, with WaterClick operators can simply add/remove features that meet their needs and budget. And for technology companies with innovative ‘digital water’ solutions, WaterClick is now an effective path to customer. WaterClick: Utility Digitization Simplified

Waterly

Seed Round in 2020
Waterly is a company focused on transforming water management for utilities by providing innovative digital solutions. Its primary products, Waterly Core and Waterly Assets, streamline data management and asset oversight. Waterly Core replaces traditional paper-based methods, such as clipboards, with a data management application that automates daily rounds and monthly report generation, significantly reducing the risk of violations through features like out-of-range notifications and data trending. Meanwhile, Waterly Assets offers a centralized dashboard that consolidates various operational documents, enhancing staff efficiency and minimizing emergency equipment failures. Both applications facilitate knowledge retention and expedite training for new employees, ultimately improving overall operational effectiveness in public water system management.

SimpleLab

Seed Round in 2020
SimpleLab, Inc. operates as a digital marketplace that connects clients with accredited laboratories for water quality testing through its Tap Score kits. The company offers a comprehensive platform where businesses and consumers can access detailed environmental data and laboratory testing services. SimpleLab's innovative approach allows laboratories to effectively configure and sell their analytical capabilities, while clients can analyze lab results alongside public data. The platform facilitates the connection of labs, test samples, and sample collectors, ensuring that vital environmental data is structured throughout the chain of custody. In addition to traditional water testing, SimpleLab provides smart water tests that include personalized health analyses and treatment recommendations, empowering users to enhance their health by ensuring access to clean drinking water.

Flume

Pre Seed Round in 2020
Flume, Inc. develops innovative monitoring devices that attach to existing water meters, enabling real-time transmission of water usage data to users' devices. Founded in 2015 and based in San Luis Obispo, California, the company aims to eliminate water waste and enhance home protection by providing homeowners and communities with critical insights into their water consumption. Users can set up notifications for usage, receive alerts for potential leaks, and access both historical and real-time data, along with a detailed breakdown of water usage by appliances. Flume's mission is to empower individuals to make informed decisions about their water usage, thereby promoting conservation and efficiency.

Keto AI

Pre Seed Round in 2020
Keto A.I., Inc. is a company based in Houston, Texas, specializing in swimming pool maintenance services through its innovative technology platform. The company has developed an AI-based skimmer plate that offers valuable insights into pool safety and maintenance. This skimmer plate is equipped with sensors that monitor water quality, water levels, and equipment performance. The collected data is streamed to the cloud and analyzed using artificial intelligence, allowing clients to effectively track and manage their swimming pools. By leveraging advanced technology, Keto A.I. enhances pool maintenance processes, providing users with essential information for optimal pool care.

PowerTech Water

Pre Seed Round in 2019
PowerTech Water, Inc. is a company specializing in water treatment solutions, focusing on the development and marketing of innovative products. It offers CapCo, an electrochemical filter designed to effectively remove a range of metals from water, including lead, copper, manganese, iron, silver, gold, mercury, zinc, nickel, and aluminum. The company's technology serves various industries, including batteries, microelectronics, electroplating, automotive, metal finishing, mining, food and beverage, and oil and gas. Founded in 2014, PowerTech Water is headquartered in Lexington, Kentucky, and is committed to providing chemical-free wastewater treatment solutions.

EQO

Pre Seed Round in 2019
Environmental Quality Operations (EQO) is a company focused on advancing environmental management through innovative molecular biology techniques. Its primary goal is to detect, monitor, and eradicate invasive species using a blend of bioengineering and diagnostic development expertise. EQO's services include highly sensitive assays for early detection of nuisance species, providing detailed analytics on population dynamics and activity. The company has developed a pioneering automated sampling platform that can be deployed at critical sites vulnerable to infestations, allowing for programmable sampling and rapid analysis of results upon submission. In addition to detection and monitoring, EQO conducts research and development aimed at creating targeted biopesticides designed to eliminate invasive species while minimizing adverse effects on native ecosystems, ultimately reducing costs associated with remediation efforts.

AQUAOSO

Pre Seed Round in 2019
AQUAOSO is a climate fintech SaaS company focused on providing climate risk analytics and tools for financial institutions. The company has developed a water risk research platform that measures water scarcity through advanced analytics, utilizing innovative technology and machine learning. This platform generates an accessible water score aimed at the agriculture industry, allowing farmers and water managers to effectively identify, understand, monitor, and mitigate water-related risks. AQUAOSO's offerings include stress testing tools, portfolio reporting, and advanced loan decisioning tools, all designed to enhance decision-making processes in the face of climate-related challenges.

Conservation Labs

Seed Round in 2019
Conservation Labs, Inc., founded in 2016 and based in Brownsville, Pennsylvania, specializes in smart water technology aimed at reducing water consumption and detecting leaks. The company's flagship product, a non-invasive smart water meter, can be easily attached to any water pipe and works in conjunction with a dedicated application. This system allows property owners to monitor their water usage, identify potential leaks, and assess appliance consumption. By providing actionable insights into water use, Conservation Labs seeks to address the significant issue of excessive water consumption in the U.S., estimated at over 3 trillion gallons annually, which incurs substantial costs. Through its innovative solutions, the company aims to help users save money while promoting responsible management of water resources.

Aqua Membranes

Pre Seed Round in 2019
Aqua Membranes LLC, established in 2011 and based in Albuquerque, New Mexico, specializes in the manufacturing of advanced reverse osmosis membrane filtration systems for both commercial and household applications. The company has developed innovative spiral wound membrane elements that utilize its proprietary Printed Spacer Technology, which enhances performance by replacing traditional spacer mesh with directly printed spacers. This technology significantly reduces fouling and energy consumption, contributing to more efficient water treatment processes. Aqua Membranes' solutions are applicable across various sectors, including home reverse osmosis, seawater desalination, food and beverage production, and industrial processes, ultimately aiming to foster a more sustainable water future through its cutting-edge membrane technologies.

EQO

Grant in 2018
Environmental Quality Operations (EQO) is a company focused on advancing environmental management through innovative molecular biology techniques. Its primary goal is to detect, monitor, and eradicate invasive species using a blend of bioengineering and diagnostic development expertise. EQO's services include highly sensitive assays for early detection of nuisance species, providing detailed analytics on population dynamics and activity. The company has developed a pioneering automated sampling platform that can be deployed at critical sites vulnerable to infestations, allowing for programmable sampling and rapid analysis of results upon submission. In addition to detection and monitoring, EQO conducts research and development aimed at creating targeted biopesticides designed to eliminate invasive species while minimizing adverse effects on native ecosystems, ultimately reducing costs associated with remediation efforts.
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