The Future of Water Fund will lead the US investment round for Hydraloop, a consumer-friendly water recycling system that reduces water consumption by up to 45 per cent.
The announcement comes as California faces what the NY Times called “the strictest water conservation rules ever imposed in the state”.
Hydraloop is the first investment of the emerging venture fund, based in the Colorado River Basin and founded by leading water entrepreneur Will Sarni and fund manager Paul Tencher.
“The American West is among the world’s most water-stressed regions and is facing impacts to economic development, especially in high-demand housing markets. Hydraloop will transform the way we use water by using it twice,” said Sarni, CEO of the Future of Water Fund.
Sarni, also CEO of the international water strategy advisory firm Water Foundry, will help Hydraloop’s leadership build and execute its North American growth strategy.
“Climate change is creating water insecurity across the globe,” he added. “We believe the opportunities for investing in digital technologies to address water quality and scarcity are substantial. Our fund will build a portfolio of exponential technology companies solving wicked water problems starting with the ground-breaking team at Hydraloop.”
Headquartered in the Netherlands with over 140 local sales, distribution and service partners, Water Alliance member Hydraloop collects water from baths, showers, washing machines, and condensation from dryers, air conditioners, and heat pumps.
Its sustainable and patented six-step process cleans the water to the strictest global standards for non-potable use and redistributes water to washing machines, toilets and irrigation systems using the water for a second time.
Designed for residential use and easily stackable for commercial applications, Hydraloop is
NSF-350 certified technology. Free of membranes, filters and chemicals and IoT-enabled, it’s the next generation of smart home devices focused on sustainability. Hydraloop won the Best of the Best, Best Startup, Best of Innovation and Best Sustainable Product at the Consumer Electronics Show in Las Vegas.
“In the US, we’re already facing the consequences of climate change, an ever increasing population and building demands,” said Fernando Ramirez, Managing Director of Hydraloop Inc. “The resulting water stress is becoming the new normal. Hydraloop is thrilled to collaborate with the Colorado River Basin’s Future of Water Fund. Together we will amplify the message about the urgent need for water conservation with progressive action that accelerates the adoption of our water-saving technology.”