# Water investors in North America (2026 list)

> 33 water investors in North America, 100% active in the last 12 months. Led by General Catalyst, Battery Ventures, DCVC. Ranked by what they funded.

Source: https://millionrounds.com/lists/water-investors-in-north-america (Millionrounds; every figure on the page links to its filing or article)

[Investor Lists](https://millionrounds.com/lists)

# Water investors in North America

Updated 7 November 2026

Firms observed backing a water company in North America in the last two years, wherever the firm is based.

[See all 33 *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fwater-investors-in-north-america)The top 25

**33** investors on the list No change this week

**640** cheques in 12 months *+12%* against the market

**$21M** median round they joined *+163%* against the market median

**100%** wrote a cheque in 12 months

**42%** have led a round

## The Top 25

Ordered by cheques observed, never by anything anyone paid for

Deploying now (25)

- 1 [General Catalyst](https://millionrounds.com/fund/general-catalyst) *Deploying now* VC firm · United States **1,387** **$27M** median round **Nov 2026** last seen
- 2 [Battery Ventures](https://millionrounds.com/fund/battery-ventures) *Deploying now* VC firm · United States **658** **$32M** median round **Nov 2026** last seen
- 3 [DCVC](https://millionrounds.com/fund/data-collective) *Deploying now* VC firm · United States **431** **$29M** median round **Nov 2026** last seen
- 4 [Upfront Ventures](https://millionrounds.com/fund/upfront-ventures) *Deploying now* VC firm · United States **338** **$10M** median round **Oct 2026** last seen
- 5 [Cleantech Open](https://millionrounds.com/fund/cleantech-open) *Deploying now* Accelerator · United States **165** **$1.1M** median round **Sept 2026** last seen
- 6 [Export Development Canada](https://millionrounds.com/fund/export-development-canada) *Deploying now* Government · Canada **163** **$15M** median round **Oct 2026** last seen
- 7 [Lowercarbon Capital](https://millionrounds.com/fund/lowercarbon-capital) *Deploying now* VC firm · United States **146** **$21M** median round **Oct 2026** last seen
- 8 [Long Journey Ventures](https://millionrounds.com/fund/long-journey-ventures) *Deploying now* VC firm · United States **145** **$10M** median round **Oct 2026** last seen
- 9 [M Ventures](https://millionrounds.com/fund/m-ventures) *Deploying now* Corporate VC · Switzerland **143** **$15M** median round **Sept 2026** last seen
- 10 [Afore Capital](https://millionrounds.com/fund/afore-capital) *Deploying now* VC firm · United States **116** **$6.3M** median round **Oct 2026** last seen
- 11 [National Bank of Canada](https://millionrounds.com/fund/national-bank-of-canada) *Deploying now* Private equity · Canada **77** **$74M** median round **Sept 2026** last seen
- 12 [Groove Capital](https://millionrounds.com/fund/groove-capital) *Deploying now* VC firm · United States **58** **$1.6M** median round **Aug 2026** last seen
- 13 [Cantos](https://millionrounds.com/fund/cantos) *Deploying now* VC firm · United States **48** **$12M** median round **Sept 2026** last seen
- 14 [Noa](https://millionrounds.com/fund/noa) *Deploying now* VC firm · United Kingdom **24** **$54M** median round **Sept 2026** last seen
- 15 [Interlagos](https://millionrounds.com/fund/interlagos) *Deploying now* VC firm · United States **6** **$58M** median round **Oct 2026** last seen
- 16 [Semilla Climate Capital](https://millionrounds.com/fund/semilla-climate-capital) *Deploying now* VC firm · United States **6** **$2M** median round **Jun 2026** last seen
- 17 [Also Capital](https://millionrounds.com/fund/also-capital) *Deploying now* VC firm · United States **4** **$27M** median round **Aug 2026** last seen
- 18 [Burnt Island Ventures](https://millionrounds.com/fund/burnt-island-ventures) *Deploying now* VC firm · United States **4** **$4.3M** median round **Oct 2026** last seen
- 19 [Dream Ventures](https://millionrounds.com/fund/dream-ventures) *Deploying now* VC firm · United States **3** **$130M** median round **Sept 2026** last seen
- 20 [Generational Partners](https://millionrounds.com/fund/generational-partners) *Deploying now* VC firm · United States **2** **$14M** median round **Dec 2025** last seen
- 21 [Ambition Capital](https://millionrounds.com/fund/ambition-capital-2) *Deploying now* VC firm · United States **1** **$24M** median round **Dec 2025** last seen
- 22 [Bush Foundation](https://millionrounds.com/fund/bush-foundation) *Deploying now* Institutional LP · United States **1** **$55M** median round **Aug 2026** last seen
- 23 [Daikin America](https://millionrounds.com/fund/daikin-america) *Deploying now* Growth equity · United States **1** **$55M** median round **Aug 2026** last seen
- 24 [Ecolab](https://millionrounds.com/fund/ecolab) *Deploying now* Corporate VC · United States **1** **-** median round **Oct 2026** last seen
- 25 [Israel Investment Fund Group](https://millionrounds.com/fund/israel-investment-fund-group) *Deploying now* VC firm · United States **1** **$6.8M** median round **Oct 2026** last seen

**8 more on this list**

All 33 are in the app, with filters for stage, sector and market. A free account shows 10 per search, Pro up to 1,000.

[See the whole list *→*](https://millionrounds.com/login?join=1&next=%2Fapp%2Finvestor-lists%2Fwater-investors-in-north-america)

## The Newest Cheques

Rounds this list's investors joined most recently

- **5** Nov **[Circularity Fuels](https://millionrounds.com/company/circularity-fuels)** Seed · $7M *Led by* [DCVC](https://millionrounds.com/fund/data-collective)
- **4** Nov **[Shackleton AI](https://millionrounds.com/company/shackleton-ai)** Seed · $5M *Led by* [Battery Ventures](https://millionrounds.com/fund/battery-ventures)
- **4** Nov **[Nooks](https://millionrounds.com/company/nooks)** Growth · $500M *Led by* [General Catalyst](https://millionrounds.com/fund/general-catalyst)
- **4** Nov **[Corridian](https://millionrounds.com/company/corridian)** Seed · $38M *With* [DCVC](https://millionrounds.com/fund/data-collective)
- **3** Nov **[Traversal](https://millionrounds.com/company/traversal)** Series B · $120M *With* [Battery Ventures](https://millionrounds.com/fund/battery-ventures)
- **2** Nov **[Hypersonica](https://millionrounds.com/company/hypersonica)** Series B · $112M *Led by* [General Catalyst](https://millionrounds.com/fund/general-catalyst)

## Stages This Year

599 rounds

- Series A **19%**
- Seed **18%**
- Venture **14%**
- Series B **12%**
- Debt **9%**
- Other **29%**

## What They Backed

Sectors, last 12 months

- AI **266**
- Healthcare **44**
- Energy **43**
- Fintech **40**
- Big Data & Analytics **32**
- Biotech **32**

## Cheques by Quarter

Led Joined

142 Q1 25

149 Q2 25

161 Q3 25

197 Q4 25

173 Q1 26

168 Q2 26

170 Q3 26

48 Q4 26

The last bar is the quarter still running.

## Lists Like This

- [AI investors in North America 3,859](https://millionrounds.com/lists/ai-investors-in-north-america)
- [AI investors in Europe 2,283](https://millionrounds.com/lists/ai-investors-in-europe)
- [Fintech investors in North America 1,309](https://millionrounds.com/lists/fintech-investors-in-north-america)
- [Big Data & Analytics investors in North America 1,094](https://millionrounds.com/lists/big-data-investors-in-north-america)
- [AI investors in Asia 1,047](https://millionrounds.com/lists/ai-investors-in-asia)
- [Biotech investors in North America 1,001](https://millionrounds.com/lists/biotech-investors-in-north-america)
- [Energy investors in North America 864](https://millionrounds.com/lists/energy-investors-in-north-america)
- [Robotics investors in North America 848](https://millionrounds.com/lists/robotics-investors-in-north-america)
- [Construction investors in North America 791](https://millionrounds.com/lists/construction-investors-in-north-america)

[All investor lists *→*](https://millionrounds.com/lists)

## Quick answers about water investors in North America

### Who are the most active water investors in North America?

By cheques observed, the most active are General Catalyst, Battery Ventures, DCVC, Upfront Ventures and Cleantech Open.

### How many water investors in North America are there?

33 are on record. 100% made an investment in the last 12 months and 42% have led a round.

### Which stages do water investors in North America back?

Of the rounds with a named stage in the last 12 months, mostly Series A (25%) and Seed (23%).

### How big are the rounds water investors in North America join?

The typical (median) round among the leading investors here is $21M.

### Which sectors do water investors in North America back most?

In the last 12 months, mostly AI, Healthcare and Energy.

### Which water investors in North America lead the most rounds?

General Catalyst (97 led), Battery Ventures (29 led) and DCVC (12 led).

### Where are water investors in North America based?

Most of the leading investors here are based in the United States (21 of the top 25); the rest in Canada and Switzerland.

### What have water investors in North America invested in recently?

Recent rounds include Circularity Fuels (Seed, Nov 2026, with DCVC), Shackleton AI (Seed, Nov 2026, with Battery Ventures) and Nooks (Growth, Nov 2026, with General Catalyst).

Built from the rounds we watched, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections)