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8 Women Pioneers in the Water-Risk Vertical of Climate Adaptation Technology

Updated: Apr 2

On this 2024 UN International Women's Day, Mazarine would like to take this opportunity to recognize women founders included in the Water-Risk CAT100, which is our curated list of early-stage and lower-middle market companies with technology innovations that help their customers manage climate-change-induced water risk, including quality and quantity.



8 of the women founders in the Water-Risk CAT100 include...


Dr Fran Doerflinger

Athena IR-Tech

Fran co-founded this precision irrigation company that leverages IR and proprietary algorithms to understand how well a plant makes use of the water available to it via how well it is transpiring at the leaf, and informs the grower if their crop is optimally utilizing the water available to it.

Julia Kumari Drapkin

ISeeChange

Julia recognized the role of community science, paired with Industry 4.0 to helping cities and regions better see and understand where and how the climate is changing, spanning water quantity and quality.


Tatiana Estevez

PermulationTatiana founded this company which is a pioneer in fog monitoring for water collection in water-scarce communities where fog is a viable source of ’new water.

Anya Freeman

Kind Designs

For too long seawalls were big, dumb, concrete blocks.  Anya’s vision to bring innovation and affordability into the market for sea barriers helps more communities prepare for coastal water risks in our new climate reality.


Shelly Klose

True Flood Risk

While decades of efforts have given some improved resolution into which property is at risk of flooding, Shelly has reimagined this market by inventing a new data science tool that improves the resolution of flood maps. 


Alisha McFetridge

Rainstick

Alisha is co-founder of RainStick, which is a WiFi-enabled smart shower that saves up to 80% water and energy while providing almost double the flow rate compared to a traditional shower.

Maria Martinez

Agrodit

Maria co-founded this company which is bringing to market "Guardian tech", a revolutionary solution that dramatically reduces water usage in irrigation while helping to keep plants healthier (and produce more).


Lauren Roth Venu

3RWater

Lauren started this company out of recognition that we need to active local communities in stormwater mgmt practices and regen natural systems in urban spaces. She is passionate about developing innovative, nature-based solutions to build climate resiliency.



What is the Water Risk CAT 100?


  • A list of 100 companies that Mazarine has determined are representative of early, growth and lower-middle market companies with innovations that will help industry and society deal with water-related-risks in our new climate reality.

  • Mazarine created The Water Risk CAT 100 in order to generate interest in this realm amongst our syndicate of investors.

  • Sourced from our dealflow, the companies on the list may still refer to themselves as “ag-tech”, or “prop-tech”, "insur-tech", or “water-tech”, but we view them all as Water Risk CATs

  • This list is not exhaustive. New companies crop up, and companies are acquired.  The Water Risk CAT 100 is dynamic and will be updated quarterly and shared with our investor syndicate.


  • There is no official application process for the Water-Risk CAT100, the list is generated by Mazarine as a short-list of young companies we are keeping an eye on, in discussions with, or have already invested in. There are a number of companies in this list we have 'passed' on for various reasons, but keep them in the list as we are impressed with what they are doing.



CAT 100 stats


  • 16% of Water-Risk CAT100 companies have technology innovations that help their customers manage quality risks (eg: harmful algal blooms, drinking water biostability, biodiversity risks, etc)

  • 71% of Water-Risk CAT100 companies have technology innovations that help their customers manage quantity risks (eg: flooding, sea level rise, tidal currents, precipitation, etc)

  • 13% of Water-Risk CAT100 companies have technology innovations that help their customers manage BOTH climate-change-induced water quality and quantity risks (eg: their


  • 2% of Water-Risk CAT100 companies have offerings for water/wastewater utilities

  • 2% of Water-Risk CAT100 companies have offerings for consumers

  • 3% of Water-Risk CAT100 companies have offerings for building owners/operators

  • 4% of Water-Risk CAT100 companies have offerings for corporates (eg: Apple, etc)

  • 8% of Water-Risk CAT100 companies have offerings for agriculture/aquaculture

  • 15% of Water-Risk CAT100 companies have offerings for the power utilities sector

  • 11% of Water-Risk CAT100 companies have offerings for logistics & transportation sector

  • 14% of Water-Risk CAT100 companies have offerings for heavy & light industry

  • 18% of Water-Risk CAT100 companies have offerings for Finance/Insurance/Real Estate (the "FIRE" sector)

  • 21% of Water-Risk CAT100 companies have offerings for some level of government

  • 2% of Water-Risk CAT100 companies have offerings for 'other'

  • NOTE: Many companies sell to multiple industries, so consider these percentages as approximate, reflecting each company's 'primary' customer focus.


  • 2% of Water-Risk CAT100 companies have technology innovations that help their customers See climate-change-induced water risks. (Eg: just sell sensors (producing data, with no analytics)

  • 29% of Water-Risk CAT100 companies have technology innovations that help their customers Understand climate-change-induced water risks. (Eg: they don't 'produce' data, they source it from 3rd parties to generate insights, advice, etc)

  • 38% of Water-Risk CAT100 companies have technology innovations that help their customers BOTH See & Understand climate-change-induced water risks

  • 31% of Water-Risk CAT100 companies have technology innovations that are inherently "hardware-related", spanning consumables, materials, earthworks, process, or leveraging "something physical" to address the identified water quality or quantity risk


  • 52% of Water-Risk CAT100 companies are headquartered in North America



For more on the Water-Risk CAT100, please contact Mazarine here.


NOTE: We recognize that heat, fire, and wind risks destroy lives and livelihoods, but with our backgrounds in water, Mazarine has chosen to only focus on the water risk vertical in CAT.



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