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Xylem invests $20m in VC funds

Global water technology company, Xylem (NYSE:XYL), has announced Limited Partner (LP) investments in venture capital funds Burnt Island Ventures and The Westly Group’s Funds III and IV, supporting the development of innovative water and industrial technologies.

The combined $20 million investment across both funds forms a key part of Xylem’s external innovation programme, Xylem Innovation Labs. These investments bolster Xylem Innovation Labs’ open innovation network and its commitment to bringing the most important water technology innovations to market at speed and scale.

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