Gov. Fund · WATER INVESTOR

State Government of Victoria

State Government of Victoria is a water-focused gov. fund that has backed 5 water companies since 1851. (don't) Waste Water rates its water commitment Committed.

Committed

Water Commitment

Type

Gov. Fund

Founded

1851

Stage

Pre-Seed - Series A

Median round

$5.7M

Portfolio

5 cos

Water Commitment Score

Tier

Committed

5 water companies · last deal 2025 · leads ~40% of rounds · High confidence

How this is scored ↗
as of Jun 2026 · no pay-to-rank

Compiled from official filings, third-party records, and direct intelligence from investors and founders, in Leviathan · recomputed monthly · as of Jun 2026.

How they invest

Pre-Seed1

Seed1

Series A2

Median round$5.7Mrange $2.2M - $17.5M · 4 disclosed

Portfolio · 5 water companies

Bygen

Bygen manufactures low-cost, high-surface-area activated carbon from agricultural residues via

$2.2MLED 2025

ElectraLith

ElectraLith develops a continuous electro-membrane extraction platform that drives lithium ions

$17.5MSeries A · 2025

Xefco

Xefco has developed a patented atmospheric-plasma and chemical-vapour deposition system that ap

$6.9MSeed · 2024

Porous Lane

Porous Lane produces permeable pavement from recycled tyre rubber, aggregate and resin, creatin

-LED Pre-Seed · 2024

Hydroleap

Hydroleap is an early-stage startup that provides chemical-free electrooxidation and electrocoa

$4.4MSeries A · 2023

See the full portfolio in Leviathan →

Invests alongside

Investible (Climate Tech Fund)2x Main Sequence2x Mitsubishi1x New Keynes Investments1xWavemaker Partners1x Seeds Capital1x ABB Water Solutions1x Alberts1xUniversity of Adelaide1x

Highlighted = profiled on (don't) Waste Water.