top of page

ABOUT

Building off decades in 'water', we are technology investors who understand the markets where water is a key risk/opportunity, and we know the exits.

OUR TEAM

Experienced 'Water-tech' Investors

We have decades of experience in the technologies that address the management and/or use of water, as well as markets where water (or wastewater) is a risk. 

Background:   Mazarine was formed in 2018 as a venture capital group, with an impact mandate, entirely focused on backing early-stage technology companies with innovations that address risks relating to water and/or wastewater.  Our first investment out of Fund I was in early 2019, our incubator launched in 2020, and Fund II's first investment was in January 2023.  Fund III launches in Q2 2023.  

 

Investment Thesis:  By investing in early-stage technology companies with innovations that address water-related risks we can generate significant social and environmental impact, and financial return.  

Worldview:  Water, the protagonist or 'hero' in humanity's story has become the antagonist (the disrupter) adversely affecting industries as diverse as agriculture, mineral processing, insurance, and human health. A changed climate has now given water-the-antagonist more swagger, bringing industry and society to their knees, especially in Base of the Pyramid communities around the world. 

The Role of Technology:  We can keep water-the-antagonist 'off-stage' by leveraging technological innovations that help industry and society observe (eg: IOT, geospatial, digitization, etc), analyze (eg: AI, ML, etc), and address (eg: process engineering, earthworks, tapping new water sources, etc) water and/or wastewater risks.   Sound public policy is crucial, but technology is ultimately the most effective way for industry and society to manage water/wastewwater-related risks. 

Where we Operate: Mazarine operates in Ag-tech as much as we operate in Health-tech, Insur-tech, Fin-tech, Prop-tech, and Climate-tech. 'Water' is a risk factor, an 'antagonist', across many industries, which means we operate in industries beyond simply 'the water industry'.  

Why Mazarine:  We are technologists passionate about social and environmental impact, we understand markets, and know the exits.  

TH4_4305.JPG
Tami_edited.jpg
TH4_4342_edited.jpg
IMG_6763.JPG
JOHN ROBINSON
TAMI FRATIS
ANDERS HALLSBY PhD
PETE NASSOS

INVESTMENT FOCUS

Do we invest in water?

No. We are technology investors, backing early-stage companies with IP rooted in data science, chemistry, materials science, microbiology, and process engineering that address challenges relating to the management or use of water, spanning multiple industries.  

 

Ironically, most of our Fund I companies don't sell into water/wastewater utilities, but rather, industries where water is a headache, a challenge, a risk.  

Screen Shot 2022-03-27 at 20.09.41.png

OUR EXPERTISE

Water is our specialty

The common denominator for all of our investments is that water is the main protagonist. And with water quality and quantity being a risk across our society and economy, this means we are engaged in many different sectors.

timetravel.jpeg

OUR PURSUIT

Time travel required

We look for founders who have been to the future and come back. These are visionaries who have defined opportunities others simply don't see yet, or don't have the ability to pursue. 

OUR POINT OF VIEW

Investment Opportunities

Understanding 'water-tech' investment opportunities through the lens of risk helps us evaluate a young company's grasp of product/market fit, customer drivers, the competitive landscape, and macro head/tailwinds.   We back founders who understand exactly how their company's offering addresses one ore more of these 4 risks better than incumbent solutions.  

Public Health & Safety Risks 


Never before has the public’s awareness and concern around potable and surface water been this high or widespread.  The companies Mazarine backs are bringing to market a combination of hardware, software, or business model innovations that help their customers manage water and/or wastewater-related public health & safety risks.  

Higher Cost Risks

Utilities are facing rising costs relating to managing source water and distribution, and users of water (eg: farming, mineral processing, manufacturing, commercial and residential property) are seeing the cost of water increase to levels never seen before. The companies Mazarine backs are bringing to market a combination of hardware, software, or business model innovations that help their customers manage risks associated with higher costs of water. 

Environmental Protection Risks


Both the private and public sectors see an increasing need to protect and manage aquatic ecosystem assets, including: lakes, rivers, wetlands, mangroves, and estuaries, The companies Mazarine backs are bringing to market a combination of hardware, software, or business model innovations that help their customers manage natural infrastructure risks. 

Business Continuity Risks

 

Companies, spanning nearly every industry sector from insurance to semiconductor manufacturing to real estate are facing a myriad of water quantity and quality challenges that can bring their business to a halt, and/or decimate their bottom line. The companies Mazarine backs are bringing to market a combination of hardware, software, or business model innovations that help their customers manage water and/or wastewater-related business disruption risks. 

...and each of these risks is being exacerbated by climate change


Despite the best intentions of past and ongoing decarb efforts, the atmosphere is warming, resulting in disruptions to the hydrological cycle.  Industry and society's efforts to manage the above 4 risks will, unfortunately, continue to be disrupted by an already changed climate.  Mazarine backs early-stage companies with innovations that help manage these risks.  

Mazarine measures our impact by applying the ESG framework to score early-stage technology companies on how their innovation supports their customers’ ESG efforts.

What is our scoring model?

Mazarine developed a proprietary scoring model used during due diligence to identify and understand where and how an early-stage technology company’s innovation can support their customers in their respective E, S, or G efforts. A higher score suggests the company’s offering significantly boosts their customers’ ESG efforts, and lower a score indicates there is only nominal support. 
 

During due diligence, an ESG score is developed for each prospective portfolio company by asking a series of probing questions that reveal impact potential in E, S or G.   (See questions on the right)

Contact Mazarine for a more detailed introduction to Mazarine's impact mission, ESG scoring model, and how each of our portfolio companies scored. 

ESG logo 3_edited.png

Environment:

Where and how does this company’s offering support its customers’ efforts to meet “E” goals by: a) mitigating carbon emissions, b) reducing waste and pollution, c) preserving natural resources, or d) addressing various environmental risks?   

 

Social

Where and how does this company’s innovation support its customers’ efforts to meet “S” goals by: a) enhancing public health & safety, b) increasing access to safe drinking water, or c) improving a utility's ability to maintain current pricing of water for its most vulnerable and lower-income customers?  

 

Governance

Does this company’s offering support its customers’ efforts to meet “G” goals by delivering innovations that provide: a) improved regulatory compliance, b) increased transparency and democratization of water-related data – like water quality and flooding, c) expanded conservation, or d) more efficient management of water-related assets.  

Still have questions about us?  Check our FAQ

bottom of page