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The water risk vertical of Climate Adaptation Tech
will be a trillion-dollar
market by 2030

Mazarine Climate is a specialist venture capital fund entirely focused on the water risk vertical of Climate Adaptation Technology ('CAT'). The portfolio companies we are backing are
bringing to market digital solutions from the Industry 4.0 toolbox that support their clients
deal with climate-change-induced water risks.

OUR INVESTMENT FOCUS

Leveraging technology to manage water risk

"You can't manage what you don't measure"

Seeing water risk

We back companies that generate high-resolution, real-time data on water risk—flooding, drought, contamination—through:

In-situ monitoring: IoT sensors and field instruments
Macro-scale insights: Earth observation and drone solutions
Detection & validation: Laboratory and water quality testing

Understanding water risk

We invest in early-stage companies that process, analyse, and model water risk data to generate insights and predict future threats, which allows the users of these tools to make data-driven decisions. These include:

Forecasting scenarios: AI-driven modeling and digital twins
Risk mitigation strategies: Advanced analytics and business intelligence tools
Turning data into action: Decision-support platforms

Managing water risk

We are bullish on companies who offer adaptive, tech-driven solutions that help industry & society manage water risks through:

Climate-informed decision-making: Predictive risk management tools
Real-time adaptation: Automation and AI-powered response systems
Climate-proofing industries: Laboratory and water quality testing

WHAT DRIVES US AS A VC

We are bullish on founders

We back founders who, like us, look at climate change induced water risks and ask...

"How can technology play a bigger role in helping industry & society survive?"

We back founders who are frustrated with incumbent solutions and impatient with the - largely analog, status quo, resulting in a better, cheaper, faster way of managing water risk in our new climate reality.

What is the Industry 4.0
toolbox, and why are we so focused on it?

As the saying goes "You can't manage what you don't measure'" which in the context of Climate Adaptation points directly to the Industry 4.0 toolbox.

From satellites to in-situ monitoring, AI to digital twins, the most fundamental need over the next decade is to leverage Industry 4.0 solutions to improve our collective ability to prepare-for, adjust-to, and ultimately deal-with water risk in our new climate reality.

What is Industry 4.0?

OUR SECTOR FOCUS

Managing water risk in four sectors

These sectors all face climate-change-induced water risks, but are not in the 'water industry'

Linear Assets

Roads, rail, and pipelines face major disruptions from flooding, erosion, and extreme weather events, requiring real-time monitoring and

predictive maintenance solutions.

Coastal Infrastructure

Ports, harbors, and coastal assets must adapt to rising sea levels and increasing storm intensity by leveraging technology that helps them see and understand patterns and probability.

The FIRE Sector

The Finance, Insurance, and Real Estate (F.I.RE) sector rely on accurate risk assessments to price water risk effectively and protect investments from climate-induced losses.

Power Generation

Hydro and thermoelectric power plants depend on stable water availability. Water shortages, including reduced snowpack, and quality issues disrupt production and create operational risks.

THE OPPORTUNITY

Water risk is 58% of CAT spending

The market for water risk will surpass the so-called 'water industry' in the coming decade

$739bn

was spent on Climate Adaptation Technology (CAT) in 2024, water risk is by far the biggest vertical at $425bn (58%)

79.5%

of climate-change-induced water risk technology spending is on quantity hazards (ie: too much water, too little water)

$130bn

was spend by Finance, Insurance, and Real Estate sectors alone on Climate Adaptation Technology in 2024, of that 54% was spend managing water quantity risks

Not the 'water industry' *
...the 'water risk industry'

As a Climate-tech fund, we operate in SDG 13 (Climate Action), just not focused on decarb/netzero.

* There is much overlap with SDG 6 (Clean Water & Sanitation), as many climate-change-induced water quality risks are effectively public health & safety risks.

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The water risk vertical of Climate Adaptation Tech will be a trillion-dollar market by 2030​