BIV Monthly Update XLVII
BIV Monthly Update XLVII – September 5, 2024
“It’s getting exciting now” Tyler Durden, Fight Club
September Asks
Talk about water at Climate Week!
Tune into two new episodes from The Fundamental Molecule with Matt Rosenthal - Business Beneath Our Feet and Jorge Richardson - Water Access, Reliability, and Selfies with Bono.
Sign up here to attend forthcoming BIV Sessions.
Point the smartest people you know to the BIV Jobs Board or talent network.
BIV Portfolio Updates
Seed I
CivilGrid – Building momentum around their launch in Florida with a very strong partner on their side indeed. US steel and infrastructure failures are making the case stronger by the degree...
Daupler – Named Vendor Partner to Watch at the Smart Utility Summit. Term sheet signed. Major sales moving faster than expected.
Floodbase – Launched Tees-to-Green with Amwins - a first-of-its-kind flood insurance program for U.S. golf courses.
Irrigreen – Digital marketing stats strong and growing stronger. Building the year-round engine they need to be.
LAIIER – Launched with a major in wind turbines. Their office view has reached new heights. Joined the US Proptech Council. Great visit with the Xylem team.
NLine Energy – On (an aggressive) plan for H1. PPA deal framework in place. Initial international deployments imminent.
SewerAI – Great results from the Tri-State Summit. Featured in AquaTech article. Product annual off-site, poised and ready for the fall boom.
Shower Stream – Close tracking of performance and customer satisfaction. Strong product performance.
Spout – 100 unit delivery this week, 1,000 in process, 800 fully paid for and counting. It’s happening. $700k left in the round, and it’s a better and better deal.
SwiftComply – Celebrating National Backflow Prevention Day (did you all celebrate?). Sales strong as ever.
Ziptility – Named the System of the Year at the Louisiana Rural Water Association's Annual Conference. Celebrating their Ziptility All-Stars.
ZwitterCo – Brought on a water-industry heavy-weight, Myron Van Ert, to serve as their new Chief Commercial Officer. Closed Series B with $58M.
2S Water – First production run fully committed. Presented at the DLE conference in Munich.
Aclarity – Published A Beginner’s Guide to PFAS. Well worth a read for anyone interested in the space.
Aquafortus – Pilot plant almost at full capacity. Exciting stuff. Steve replaced Tom on the board, so things will be even better.
Beagle Services - Featured on the Risk Thinkers podcast from PURE Insurance. Strong signals as they finished out the summer and head into the fall.
Seed II
HOPE Hydration – Deployed at their first MLB stadium. First NFL stadium pending. Second airport almost initiated. A number of impressive deals in the works. If you see one, send a selfie…
TeamSolve – Signed over 15 pilots in the last 6 months and are heads down on delivery.
AquaticLabs - NOAA made recent policy announcement about implementing eDNA technology. The product is ready and its time to accelerate the GTM.
Cala - Strong momentum coming off the launch. Featured in Electrek article. Limited ($250k) room in $2m seed extension to move them into production premises.
Subeca - Q3 sales impressive. Pipeline coverage is strong - $77M total and counting.
Work with the Burnt Islanders
All open roles with the Burnt Islanders are advertised through the BIV Jobs Board which is accessible here
Company Pipeline
Overall Pipeline: 1312 (+43)
With the summer wrapping up, lots of founders are getting ready for Q3-Q4 raises. Our freshly sharpened pencils are poised for the large number of software solutions on the slate, including utility billing management, insurance tools, facility optimization, and irrigation intelligence.
Team
Huge thank you to Jyotika who ended her time with us this month. She’s a wildly talented individual and has a very exciting next step lined up.
Preparing for September madness - Tom at Climate Week, Christine at the Aspen Institute, Tom Christine and Steve at WEFTEC, Tom at Stanford, Tom and Steve in Madrid and Boston… Urf.
BIV Insight/Visibility
More to follow soon…
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We’re Reading/Listening/Watching
“The Poisonous Global Politics of Water” The Economist
“Something’s Poisoning America’s Land - Farmers Fear Forever Chemicals” New York Times
Like everyone else, the latest from Paul Graham on Founder Mode. He’s right. It will be interesting to see how it is used.
Fascinating piece from CNBC on recycling and water reuse.
This stratospheric megabanger from Shaboozey. And check this lot out… especially Big River.
Things to Work On
I need to remember our Culture Bee #2 - Be Iteratively Excellent. I sometimes lose sight of it in the name of pace…
