The Trendlines Group
The Trendlines Group is a publicly traded Israeli incubator that invents, funds, and builds early-stage agrifood and medtech companies. Water sits inside its agrifood thesis: as of 2026 it has backed 2 water companies, in precision irrigation and aquaculture treatment, across 2 deals.
Compiled by Antoine Walter, (don't) Waste Water, from official filings and direct intelligence in Leviathan.
The take
The Trendlines Group is that rare thing in venture: an incubator that is itself a public company, trading on the Singapore Exchange and as a US depositary receipt. Todd Dollinger and Steve Rhodes co-founded it in 2007 in the Galilee, in northern Israel, and built a house style of inventing or adopting a technology, standing up a company around it, and walking it from the seed stage to market. It backs two things, agrifood and medtech, and water arrives through the first.
The Trendlines Group treats water as a tool of agriculture, not a sector of its own. Its water names live inside the agrifood book: Saturas reads a plant's own thirst through implantable stem sensors so growers irrigate only what the crop actually needs, and BioFishency cleans and recycles the water inside fish farms so aquaculture can scale without draining a watershed. The through-line is using less water to grow more food, which is where water scarcity bites hardest for most of the world.
The Trendlines Group runs its agrifood work, water included, through Nitza Kardish, a plant geneticist who heads the practice and the group's Singapore-based Trendlines Agrifood Fund, while Haim Brosh has led the wider group as CEO since 2023. In my Leviathan records the water footprint is still small, two companies and no rounds led, so read Trendlines as an agtech incubator that occasionally lands on water, not a water specialist. For a newcomer, it is the clearest example I track of water showing up disguised as a farming problem.
Water Commitment Score
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
Portfolio · 2 water companies
Invests alongside
Highlighted = profiled on (don't) Waste Water.
Frequently asked
- What does The Trendlines Group invest in?
- The Trendlines Group invests in early-stage agrifood and medtech companies, often inventing or incubating them in-house and guiding them from seed to market. Its water exposure comes through agrifood, in precision irrigation and aquaculture water treatment, rather than as a standalone water fund.
- Who runs The Trendlines Group?
- The Trendlines Group was co-founded in 2007 by Todd Dollinger and Steve Rhodes, who now serve as chair emeritus. Haim Brosh has been chief executive since 2023, and Nitza Kardish, a plant geneticist, heads the agrifood practice and its Singapore-based Trendlines Agrifood Fund.
- Where is The Trendlines Group based?
- The Trendlines Group is headquartered in Misgav, in the Galilee region of northern Israel, with an agrifood fund based in Singapore. It is a publicly listed company, trading on the Singapore Exchange and as an American depositary receipt in the United States.
- Does The Trendlines Group invest in water?
- The Trendlines Group invests in water as part of its agrifood thesis. As of 2026 Leviathan records 2 water companies across 2 deals, including Saturas in precision irrigation and BioFishency in aquaculture treatment. (don't) Waste Water rates its water commitment Occasional, scoring 33 out of 100.
- Is The Trendlines Group publicly traded?
- Yes. The Trendlines Group is unusual among incubators in being a public company, with shares on the Singapore Exchange (ticker 42T) and a US depositary receipt on OTCQX (TRNLY). That structure makes it an Israeli agrifood and medtech incubator that public investors can hold directly.