- Water know-how firm Xylem Inc (NYSE: XYL) has made investments in enterprise capital funds Burnt Island Ventures and The Westly Group’s Funds III and IV, supporting the event of water and industrial applied sciences.
- The corporate famous the mixed $20 million funding in each funds is a crucial part of its exterior innovation program, Xylem Innovation Labs.
- Xylem’s place in Burnt Island Ventures, targeted on supporting early-stage water innovation, is complemented by Westly Group’s emphasis on power, business 4.0, and cybersecurity.
- Value Motion: XYL shares are buying and selling increased by 0.79% at $86.47 on the final verify Tuesday.
© 2022 Benzinga.com. Benzinga doesn’t present funding recommendation. All rights reserved.
