Mangrove Equity Partners

About The Fund

Mangrove Equity Partners, referred to on their website as XPV Water Partners, is a venture capital firm that specializes in investments that make a positive impact on water resources. They focus on investing in businesses that either directly or indirectly contribute to the management, quality, and sustainability of water. Recognizing the critical nature of water in all aspects of life and industry, they target companies engaged in water-related applications and processes across various sectors such as agriculture, energy production, health and medicine, and manufacturing among others. With an understanding that climate change significantly affects water resources, prompting extreme weather, floods, droughts, and contamination, XPV Water Partners sees an investment opportunity in adapting to such changes. They are particularly proud of their portfolio’s achievements, which include saving over 1 billion gallons of water, removing 450 million kilograms of nutrients from water bodies to prevent algae blooms, providing early warnings for COVID-19 with rapid wastewater testing, and saving millions of fish annually through optimized water intake systems. These accomplishments demonstrate their commitment to water security and environmental sustainability. They leverage their ecosystem to forge strategic partnerships, enter new markets, and strengthen their portfolio companies' customer base. They also use their website to promote a range of services, including acquisitions such as Badger Meter's acquisition of SmartCover Systems and Atlas-SSI's acquisition of PRO-LINE Water Screen Services, and other strategic investments that drive growth, showcase leadership in their sector, and enhance service capabilities across North America. The firm manages $400 million in assets under management and is headquartered in Toronto, Ontario, Canada.