Water Resilience Venture Capital
Scaling the Next Generation of Water Infrastructure
The ODA Boundless Transformation Fund I invests in a water-centred sustainable economy, supporting water resilience for over one billion people.
>€20M
Target Fund Size
1B+
People Impacted
5
River Basin Corridors
25+
ODA Countries
We invest €0.5–1.5M in Seed to Series A deeptech startups in water and adjacent systems, deploying 80% of capital in ODA markets and 20% globally, reserving follow-on capital to scale resilient water infrastructure at speed.
About Boundless
Venture Capital as a Development Tool
Boundless is building the 21st century water efficiency layer that underpins industrial activity across sectors, boundaries, and industries. We invest in early-growth WaterTech and adjacent climate technologies.
Using venture capital to leapfrog legacy tech in the world's fastest-growing regions and deploy innovation for impact while creating entrepreneurial ecosystems. One founder at a time.
Fund Life
10 years with 2-year extension. Long-term horizon for systemic impact.
Catalytic Capital
Blended finance structure with catalytic capital mobilisation at scale.
Geographic Focus
70%+ in ODA markets. Primary: India, South Africa, major river basins.
Impact Measurement
Water saved, humans benefiting, resilience improvements, lives saved.
Where We Invest
Geographic Focus
70% ODA markets across major river basins
30% globally scalable technologies with impact in ODA regions
How We Create Value
- Capital investment
- Policy and regulatory access
- Market access (cities, utilities, industry)
- Ecosystem building (research, founders, LPs)
Theory of Change
Systems Approach
Boundless applies a systems-thinking framework. Transformation is driven by three interacting forces:
Water Systems
Cross-boundary, basin-level systems.
Venture Economics
Capital as a scaling engine.
Technological Leapfrogging
Direct transition to next-generation infrastructure.
Fund Structure
Catalytic Capital Mobilisation
Venture Capital for Water Resilience in ODA Markets. Structured in line with leading blended finance and impact investment frameworks, mobilising catalytic and private capital through a venture-backed architecture.
Thematic Focus
WaterTech & Water Security
Early-growth WaterTech and adjacent climate technologies
Fund Size
>€20M POC Fund
Blended finance structure with catalytic capital mobilisation
Fund Life
10 + 2 Years
10-year fund life with 2-year extension option
Standards
IFC PS + ILO
Compliant with IFC Performance Standards and ILO conventions
Geographic Strategy
≥70% ODA Markets
Primary focus on India, South Africa, and major river basins
Capital Mobilisation
1:4–1:6 Ratio
Catalytic capital structure mobilising private investment at scale
Why Water, Why Now
The Defining Resource Constraint of the 21st Century
Water underpins economic prosperity, food systems, industry, and climate resilience. Growing scarcity creates one of the largest underinvested infrastructure and technology markets globally.
Scarcity Problem
Our relationship to water as a resource is fundamentally changing. Structural scarcity transforms water from a hidden constraint into a major economic opportunity.
Leapfrog Potential
Emerging markets can bypass legacy water infrastructure and adopt modular, digital, and decentralised solutions faster than developed economies.
Basin-Scale Impact
Targeting major river basins enables technologies to scale across urban systems, agriculture, and industry simultaneously, unlocking basin-wide impact.
SDG Alignment
50–80% Alignment Across Six SDGs
Every Boundless investment is evaluated for direct and cross-cutting SDG impact, with primary alignment to water, climate, and marine ecosystem goals.
Primary Alignment
Clean Water & Sanitation
Direct alignment through water infrastructure, efficiency, and access technologies
Climate Action
Climate adaptation through water resilience, flood analytics, and basin-scale monitoring
Life Below Water
Reducing river-borne pollution entering oceans via upstream water treatment
Cross-cutting Impact
Gender Equality
Benefiting 3–5M women through improved water access and economic participation
Industry & Innovation
Scaling DeepTech water infrastructure across emerging market industries
Sustainable Cities
Urban water systems, decentralised treatment, and smart infrastructure
Investment Strategy
Big Rivers Strategy
Five major river basin corridors across 25+ ODA countries, reaching ~1.6 billion people who depend on water systems within these basins.
| Basin Corridor | Countries | Population | Allocation |
|---|---|---|---|
| Ganges–Brahmaputra | India, Bangladesh, Nepal | ~700M | 30% |
| Mekong | Vietnam, Cambodia, Laos, Thailand | ~240M | 25% |
| Indus | Pakistan, India, Afghanistan | ~300M | 20% |
| Nile | Egypt, Ethiopia, Uganda, Sudan | ~280M | 15% |
| Zambezi | Zambia, Zimbabwe, Mozambique, Malawi | ~40M | 10% |
Track Record
Top-Tier Performance Across Multiple Vintages
Our GP track record reflects top-quartile performance across multiple vintages, with mature funds delivering strong capital multiples. Performance has remained resilient across market cycles, combining disciplined deployment with consistent realization.
Top Quartile
Fund Performance (Across multiple vintages)
€600M+
Assets Under Management
Consistent
Capital Multiples (Realized returns across mature funds)
50+
Investment & Operating Experts
Top Tier Co-Investor Network
Trusted by Leading Institutional Investors
Leadership
Systems Thinkers, Serial Entrepreneurs, Operators
A fund by The Water Foundation and Redstone, combining deep water sector expertise with world-class venture capital capabilities.
>10
Partnership Team
Investment Partners, CFO/COO/CSO
>20
Investment Team
Dedicated teams per strategy
>10
Technology & Data
Data scientists and engineers
>10
Finance & Legal
Fund administration and reporting
Combined Track of AUM: EUR 15 BN+
Global Network
Deep Global Network Across Emerging Markets
Our Venture Partners and Boundless Collective are deeply embedded in their regional innovation ecosystems. They provide local intelligence, deal flow access and strategic support across the Boundless investment regions.
2
Venture Partners
8
Collective Members
10+
Countries Represented
Venture Partners
The Boundless Collective
Deep Sector Knowledge
200+ Years Combined Water Expertise
A DeepTech sector team combining water, deep tech, and fluid systems expertise across industrial, municipal and advanced technology applications.
WaterTech Expert Board
Our investment strategy is guided by our WaterTech Expert Board through independent assessment and prioritisation of system-critical WaterTech solutions.
David Schwager (Chair)
5 years in circular water systems, infrastructure, membrane technologies
Robert Gampmeyer
30 years in circular water systems, membrane technologies
Frank Voigtländer
35 years in circular water systems, infrastructure, disinfection
Dr. Bernhard Mayer
30 years in circular water systems, infrastructure, membrane
Bernhard Bonapace
30 years in fluid systems engineering, circular water
Franz Heumader
20 years in circular water systems, infrastructure, membrane technologies
Gianpaolo Motola
20 years in circular water systems, membrane technologies
Heinrich Egerer
20 years in circular water systems, infrastructure, disinfection technologies
Global Presence & Key Locations
Headquartered in Europe, Operating Across Emerging Markets
Investor Relations
Interested in Water Resilience?
A first-of-its-kind fund deploying catalytic capital into water resilience. We are working with a select group of institutional partners and early investors to shape a vehicle that integrates venture, infrastructure, and policy-aligned capital, targeting measurable system-level impact.
For qualified investors seeking early engagement:
Get in touch!