Fundraising Fox

XPV Water Partners

Growth equity

Toronto Β· Series A–Late Stage Β· 2 people tracked

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Investment thesis

XPV Water Partners invests solely in water-related companies, managing capital from leading institutional investors. The firm partners with emerging businesses and their existing owners and management teams to rapidly scale them, applying deep industry knowledge and a dedicated growth platform spanning strategy, talent, sales, operations, and M&A. It has completed multiple profitable exits, often building platform companies through organic growth and strategic acquisitions. XPV seeks strong, risk-adjusted returns while contributing to sustainable businesses, prosperous communities, and a water-secure future.

Invests inAdvanced ManufacturingCleantechClimate TechEnergyImpact & Social GoodNew MaterialsCanadaNorth AmericaTorontoUnited KingdomUnited States

Source: firm website, verified Aug 11, 2026.

Stage
Series A–Late Stage
HQ
Toronto, ON, CA
Instruments
Equity
Founded
2006
AUM
$189M
VC funds
1
Tracked investments
23

Team Β· 2 people

from public directories

What they invest in

from 8 of 23 portfolio companies

Cleantech Γ—6Energy Γ—4Advanced Manufacturing Γ—3IoT Γ—3Climate Tech Γ—2Hardware Γ—2AgTech Γ—1Biotech Γ—1

HQs:United StatesΓ—4

Investments Β· 23 tracked

founders shown can be your intro path
OceanSightoceansight.cominβœ“ verified

OceanSight develops marine sensors and interconnect solutions that provide ocean data to customers in offshore energy, subsea infrastructure, maritime security, environmental research, and fisheries operations.

Climate TechEnergyIoT

Alex Garcia(Chief Executive Officer)Tyler Van Schoonhoven(Chief Revenue Officer)Matt Burdyny(Chief Financial Officer)Mike Read

Aquatic Informatics Incacquired by Danaher

Water data management software company organizing water data with billions of real-time field measurements; acquired by Danaher's Water Quality Platform in July 2020.

Atlas-SSIatlas-ssi.comin𝕏acquired by Goldman Sachs Alternatives

Atlas-SSI manufactures water and wastewater treatment equipment such as traveling water screens, bar screens, trash rakes, and bulk material handling equipment, along with rebuilds and replacement parts that meet Build America, Buy America (BABA) domestic content requirements.

Advanced ManufacturingCleantechHardwareSlaughter, US

Axius Wateracquired by Oldcastle Infrastructure

Wastewater treatment platform founded in 2019 by KKR's Global Impact Fund with XPV; acquired by Oldcastle Infrastructure in June 2026.

Environmental Operating Solutions (EOSi)microc.comin

A wastewater treatment company providing nutrient and contaminant removal solutions for water and wastewater treatment plant operators.

Advanced ManufacturingCleantechClimate Tech

Samuel Ledwell(President)Jeffrey Prellberg(Vice President, Sales & Marketing)Rob Keeling(Vice President, Operations)Ryan Coleman(Vice President, Engineering)Edith Hutchinson(Director of Quality & EHS)

Holland Pump Companyacquired by Workdry International

Manufacturer, seller, renter, and servicer of pumps and fluid handling equipment; acquired by Workdry International in July 2024.

Isle Utilitiesacquired by Palatine

Global technology and innovation consultancy in water, energy, and environmental sectors; acquired by Palatine in February 2024.

LuminUltra Technologies Ltd.luminultra.comin

LuminUltra provides microbial monitoring and testing solutions, including ATP field testing (Bugcount), qPCR diagnostics (Genecount), lab services, and a digital platform (Relay), to help industries detect and manage microbial risks.

AgTechBiotechCleantechDeep TechEnergyIoT

Metasphereacquired by Grundfos

Provider of IoT and smart data solutions for remote monitoring of water, wastewater, and environmental assets; acquired by Grundfos in July 2023.

Metron-Farniermetron-us.comin

Metron provides cellular smart water metering hardware and a software platform (WaterScope) that gathers per-unit water usage data, integrates with billing systems, and detects leaks for multifamily community and mobile home park operators.

CleantechHardwareIoTPropTechUS, US

Carolyn Parent(Chief Executive Officer)Brad Aquino(Chief Financial Officer)Ellie Graeden(Chief Data and Product Officer)

Metron-Farniermetronsubmetering.com
Mobiltexmobiltex.com
Napier Reidnapier-reid.com
Natural Systems UtilitiesJun 2015acquired by Saur Group

Leading supplier of decentralized wastewater treatment and water reuse solutions; acquired by Saur Group in January 2024.

EnergyHillsborough, US

Dominic C Kulik(Director)John Coburn(Director)Jonathan Kaledin(Executive Officer)Harry R. Halloran(Director)William Massa(Director)Robert D. Dixon(Executive Officer, Director)

Newterra Ltdacquired by Frontenac

Global leader in modular water, wastewater, stormwater, and groundwater treatment solutions; acquired by Frontenac in October 2020.

Nexomnexom.com
Opus Wateropuswaterinc.comin

Opus Water develops engineered products and solutions for water safety in demanding industrial applications, including water treatment, wastewater management, and process fluid handling.

Advanced ManufacturingCleantech

SmartCover Systemsacquired by Badger Meter

Provider of real-time sewer collection system monitoring and condition assessment; acquired by Badger Meter in January 2025.

Soli Organic

Leading grower and distributor of organic fresh herbs using indoor growing tech with 90% less water; merged with 80 Acres Farms in August 2025.

Weisinger Incorporatedweisingerinc.comin

Weisinger provides water well drilling, construction, rehabilitation, pump and motor systems, maintenance, rentals, and emergency response services.

CleantechConstruction TechEnergyEnterprise Software

Exits Β· 9

IPOs and acquisitions across the tracked portfolio

Aquatic Informatics Incacq. by DanaherAtlas-SSIacq. by Goldman Sachs AlternativesAxius Wateracq. by Oldcastle InfrastructureHolland Pump Companyacq. by Workdry InternationalIsle Utilitiesacq. by PalatineMetasphereacq. by GrundfosNatural Systems Utilitiesacq. by Saur GroupNewterra Ltdacq. by FrontenacSmartCover Systemsacq. by Badger Meter

Frequently asked questions

What stage does XPV Water Partners invest at?
XPV Water Partners invests at the Series A, Series B, Series C, Growth, Late Stage stages.
What sectors does XPV Water Partners focus on?
XPV Water Partners focuses on Advanced Manufacturing, Cleantech, Climate Tech, Energy, Impact & Social Good, New Materials.
Where is XPV Water Partners located?
XPV Water Partners is headquartered in Toronto, CA.

Images

XPV Water Partners photoXPV Water Partners photoXPV Water Partners photoXPV Water Partners photo

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