Mazarine Climate - Homepage Banner v3-02.png

A specialist VC fund focused on water risk in our new climate reality

Building a portfolio of companies with technology innovations that help industry & society deal with water risk in our new climate reality

Seeing water risk

We back companies that 'produce' high-resolution, real-time, or near real-time, data on water quantity and quality risks.

Understanding water risk

We invest in companies that 'consume' water risk data to generate insights and predict future threats.

Managing water risk

We are bullish on founders whose vision is to bring customers pragmatic solutions for dealing with climate-change-induced water risk.

Our portfolio companies
are run by visionary founders

We back founders who, like us, look at climate change induced water risks and ask...

"How can technology play a bigger role in helping industry & society deal with water risk?"

We back founders who are frustrated with incumbent solutions and impatient with the - largely analog, status quo, driving them to bring forward better, cheaper, faster ways of managing water risk.

What is the
Industry 4.0 toolbox?

As the saying goes "You can't manage what you don't measure'" which in the context of Climate Adaptation points directly to the Industry 4.0 toolbox.

From satellites to in-situ monitoring, AI to digital twins, the most fundamental need over the next decade is to leverage Industry 4.0 solutions to improve our collective ability to prepare-for, adjust-to, and ultimately deal-with water risk in our new climate reality.

What is Industry 4.0?

Why Industry 4.0 is core to our thesis?

4 sectors facing water risk
in our new climate reality

Linear Assets

Roads, rail, and pipelines face major disruptions from flooding, erosion, and extreme weather events, requiring real-time monitoring and

predictive maintenance solutions.

Coastal Infrastructure

Ports, harbors, and coastal assets must adapt to rising sea levels and increasing storm intensity by leveraging technology that helps them see and understand patterns and probability.

The FIRE Sector

The Finance, Insurance, and Real Estate (F.I.RE) sector rely on accurate risk assessments to price water risk effectively and protect investments from climate-induced losses.

Power Generation

Hydro and thermoelectric power plants depend on stable water availability. Water shortages, including reduced snowpack, and quality issues disrupt production and create operational risks.

For investors focused on Climate Adaptation,
water risk is by far the biggest vertical

$739bn

was spent on Climate Adaptation Technology (CAT) in 2024, water risk is by far the biggest vertical at $425bn (58%)

79.5%

of climate-change-induced water risk technology spending is on quantity hazards (ie: too much water, too little water)

$130bn

was spend by Finance, Insurance, and Real Estate sectors alone on Climate Adaptation Technology in 2024, of that 54% was spend managing water quantity risks

Not the 'water industry' *
...the 'water risk industry'

As a Climate-tech fund, we operate in SDG 13 (Climate Action), just not focused on decarb/netzero.

* There is much overlap with SDG 6 (Clean Water & Sanitation), as many climate-change-induced water quality risks are effectively public health & safety risks.