Mazarine Ventures

Mazarine Ventures is an investment advisory and fund management firm supporting our Limited Partners via our technology fund, which has a thesis that seeks to capture high-growth investment opportunities relating to water/wastewater. Our vision is straightforward - the broad and diversified global market for innovative hardware and software technologies that address water/wastewater challenges is underserved by venture capital. We have changed that by seeding, launching, and managing a highly-targeted venture fund that is investing in next-gen innovations to solve old problems.

Pete Nassos

Partner

11 past transactions

Pani Energy

Seed Round in 2021
Developer of an operational intelligence platform intended to optimize water treatment with artificial intelligence. The company's platform leverages artificial intelligence and machine learning that integrates with existing equipment and control systems, enabling plant owners and operators to log in and see how to optimize their plant's energy consumption, chemical usage, up-time, equipment life, and operational costs.

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

SimpleLab

Seed Round in 2020
Simplewater, Inc. develops an arsenic remediation solution for small drinking water systems. It offers ArsenicVolt reactor, which could be attached to any treatment system by using iron plates to separate arsenic and other contaminants from water. The company was incorporated in 2015 and is based in Berkeley, California.

Flume

Pre Seed Round in 2020
Flume, Inc., founded in 2015 and based in San Luis Obispo, California, develops an innovative monitoring device that attaches to existing water meters, providing real-time usage data accessible across users' devices. This patent-pending Internet of Things (IoT) system helps users set up usage notifications, receive leak warnings, and analyze historical and current water usage, including a breakdown by appliances. Flume aims to enhance connectivity and intelligence in the water management sector, addressing critical issues such as water conservation and leak detection. The company has established partnerships with major insurers and is focused on expanding its reach into the consumer market, as well as forming additional collaborations with service providers and water utilities.

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.

Swirltex

Seed Round in 2020
Swirltex Inc. specializes in the design and supply of custom wastewater treatment systems for various applications, including wastewater treatment, produced water treatment, dairy processing, mining wastewater, and beverage clarification. Founded in 2015 and located in Calgary, Canada, Swirltex utilizes a patented membrane technology that separates solids and liquids based on buoyancy. This innovative approach enables the treatment of water that would otherwise be deemed unusable, allowing for enhanced production while minimizing environmental pollution. By effectively manipulating the buoyancy of different contaminants, Swirltex provides efficient solutions for complex water treatment challenges.

PowerTech Water

Pre Seed Round in 2019
PowerTech Water, Inc. is a company that specializes in developing and marketing advanced water treatment products. Its flagship offering, CapCo, is an electrochemical filter designed to effectively remove various metals from water, addressing the needs of industries such as batteries, microelectronics, electroplating, automotive, metal finishing, mining, food and beverage, and oil and gas. The filter targets a range of metals, including lead, copper, manganese, iron, silver, gold, mercury, zinc, nickel, and aluminum. Founded in 2014 and headquartered in Lexington, Kentucky, PowerTech Water aims to provide water-intensive industries with access to affordable and environmentally friendly clean water solutions.

EQO

Pre Seed Round in 2019
Environmental Quality Operations (EQO) specializes in the detection, monitoring, and management of invasive species in aquatic environments. Founded with a focus on applying advanced molecular biology techniques to environmental management, EQO offers automated sampling products and highly sensitive diagnostic assays. These services enable early detection of invasive species and provide robust analytics to assess their scope and dynamics. The company's innovative automated sampling platform can be deployed at vulnerable sites, allowing for programmable sampling that simplifies the analysis process. Once samples are collected, they are sent to EQO for rapid results. Additionally, EQO is engaged in research and development of targeted biopesticide systems aimed at eradicating invasive species while minimizing impacts on non-target organisms. This dual approach not only aids in immediate monitoring and management but also helps reduce costs associated with remediation efforts and protect native ecosystems.

AQUAOSO

Pre Seed Round in 2019
AQUAOSO Technologies, Inc. is a company specializing in water risk management and mitigation tools tailored for the agricultural sector. Established in 2016 and located in Folsom, California, AQUAOSO leverages data science and machine learning to provide comprehensive insights into water data, enabling users to better understand and manage water-related risks. The company's platform offers a range of services, including mapping, research, and risk analysis, designed for financial institutions, investors, and agricultural operators. By providing an accessible water score, AQUAOSO helps farmers and water managers identify, monitor, and mitigate issues related to water scarcity, thereby enhancing decision-making in the modern agricultural economy.

Conservation Labs

Pre Seed Round in 2019
Conservation Labs, Inc., founded in 2016 and based in Brownsville, Pennsylvania, specializes in smart water management technology aimed at reducing water consumption and detecting leaks. The company offers a non-invasive water monitor that can be easily attached to existing water pipes. This device integrates with an application to provide real-time data on water usage, potential leaks, and appliance performance. By offering insights into water consumption, Conservation Labs enables property owners to identify opportunities for conservation, ultimately helping them save money and better manage this vital resource. The company addresses the significant issue of excessive water use in the U.S., which amounts to over 3 trillion gallons annually, costing billions in waste.

Aqua Membranes

Pre Seed Round in 2019
Aqua Membranes LLC specializes in the manufacture of reverse osmosis (RO) membrane filtration systems for both commercial and household applications. Founded in 2011 and based in Albuquerque, New Mexico, the company utilizes innovative three-dimensional printed spacer technology to enhance membrane performance. This technology replaces traditional extruded mesh feed spacers with customized raised patterns that optimize flow patterns and turbulence, effectively reducing the entrapment of particulates and organic fouling. As a result, Aqua Membranes' products achieve increased permeate flow, improved flux and recovery, lower system pressure drop, and extended operational life for membrane elements. The technology is particularly beneficial for spiral-wound membrane manufacturers looking to enhance their product offerings, providing durable and low-maintenance solutions that can handle challenging feed conditions. Additionally, Aqua Membranes' advanced designs significantly lower both capital and operating expenses associated with membrane plant operations.
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