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 designs, manufactures, and installs advertiser-funded drinking water fountains in major cities and events worldwide. Their network provides sustainable hydration within a short walking distance, reducing plastic waste.

EQO

Pre Seed Round in 2022
EQO specializes in environmental management using advanced molecular biology. It offers highly sensitive detection services for invasive species, along with an automated sampling platform for continuous monitoring. EQO also develops targeted biopesticides to eradicate invasives while minimizing off-target impacts.

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 provides digital tools for utilities to manage water and wastewater systems. The platform includes Waterly Core, a data management app that replaces clipboards for daily rounds, automates monthly reports, and provides out-of-range notifications and data trending to reduce violations. Waterly Assets is an asset management app that consolidates binders and notes into a single dashboard, improving staff efficiency and reducing emergency equipment failures. The integrated solution simplifies public water system data management, eliminates double data entry, and supports staff training by centralizing knowledge for ongoing operations.

SimpleLab

Seed Round in 2020
SimpleLab connects clients with labs for water quality testing using its Tap Score kits. It operates as a digital marketplace, facilitating transactions between businesses seeking detailed environmental data and accredited laboratories offering analytical services.

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
EQO specializes in environmental management using advanced molecular biology. It offers highly sensitive detection services for invasive species, along with an automated sampling platform for continuous monitoring. EQO also develops targeted biopesticides to eradicate invasives while minimizing off-target impacts.

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 is a technology company based in Brownsville, Pennsylvania, founded in 2016. It develops smart water technology to help reduce water waste and detect leaks. Its non-invasive water monitor can be attached to any water pipe and integrates with an application to transmit data on water consumption, potential leaks, and appliance usage. This enables property owners and managers to monitor water use, identify conservation opportunities, and lower operating costs. The company's solutions focus on making water usage transparent and proactive, supporting efficient resource management and cost savings across residential and commercial built environments.

Aqua Membranes

Pre Seed Round in 2019
Aqua Membranes develops membrane elements for reverse osmosis filtration, featuring three-dimensional printed spacer technology that prints spacers directly onto spiral-wound membranes. This approach replaces traditional feed spacer mesh, improving flow, enlarging effective membrane surface area, and reducing fouling and energy use. The company’s elements are used in home and commercial RO systems, seawater desalination, food and beverage processing, and industrial processes, with applications across filtration and concentration steps. The objective is to deliver higher efficiency and a more sustainable water future by enabling stronger performance in membrane filtration.

EQO

Grant in 2018
EQO specializes in environmental management using advanced molecular biology. It offers highly sensitive detection services for invasive species, along with an automated sampling platform for continuous monitoring. EQO also develops targeted biopesticides to eradicate invasives while minimizing off-target impacts.
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