Innovius Capital
Innovius Capital is a San Francisco venture capital firm that backs B2B software, fintech and AI founders from Series A to growth. It is a generalist, not a water specialist: of its portfolio, just one company, the sewer-inspection startup SewerAI, sits in water. As of 2026, (don't) Waste Water rates its water commitment Occasional.
Compiled by Antoine Walter, (don't) Waste Water, from official filings and direct intelligence in Leviathan.
The take
Innovius Capital sells founders something most venture firms only talk about: operators who roll up their sleeves on go-to-market, not partners who write a cheque and wait. Founded in San Francisco in 2021 by Justin Moore, Innovius backs B2B software, fintech and AI companies from Series A through growth, embedding experienced operators alongside its capital to push revenue rather than just sit on the board.
Innovius is open that water is not its thesis. Across everything I track in my Leviathan database, which logs every water raise I can find, Innovius shows up exactly once: SewerAI, a California company that uses computer vision to read CCTV footage of underground pipes and turns sewer inspection into cloud software. It is the kind of unglamorous, data-heavy infrastructure bet that fits a software fund far better than it fits a water fund.
Innovius and that one deal are a neat lesson in how generalist money actually reaches water. SewerAI is water infrastructure dressed as enterprise SaaS: recurring subscriptions, AI models, a clear buyer in municipal utilities, so it clears a software investor's bar without anyone needing a water thesis at all. Innovius first backed the company and was still in its corner when SewerAI raised a fresh strategic round in June 2026, sitting alongside water-native names like Burnt Island Ventures and Emerald Technology Ventures.
Innovius, to a founder building in water, reads as an occasional, software-first fellow traveller rather than a dedicated backer, worth a call if your company looks like enterprise AI that happens to point at pipes, less so if it is hardware, chemistry, or anything that needs a patient water specialist. As of 2026 Innovius is one water company across two deals, and the more interesting question is whether more of its enterprise-AI bets quietly wander toward water next.
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 · 1 water companies
Invests alongside
Highlighted = profiled on (don't) Waste Water.
Frequently asked
- What does Innovius Capital invest in?
- Innovius Capital is a generalist venture capital firm. It backs B2B software, fintech and AI founders from Series A to growth, pairing its capital with embedded go-to-market operators. Water is a tiny part of that: in the Leviathan database Innovius has backed a single water company, the AI sewer-inspection startup SewerAI.
- What stage does Innovius Capital invest at?
- Innovius Capital invests from Series A through growth-stage rounds, focusing on software, fintech and AI companies that already have early traction. Its model is hands-on: the firm embeds proven operators to accelerate go-to-market, then follows the strongest companies. Its one water bet, SewerAI, came at the growth end of that range.
- Who runs Innovius Capital?
- Innovius Capital was founded in 2021 and is led by Founding Partner and CEO Justin Moore, who built the firm around an operator-investor model. Its investment team includes Stu Posluns, Xiaolei Cong, Koby Tseng and Ethan Smith, backed by a small platform team handling go-to-market, data science and operations.
- How many water companies has Innovius Capital backed?
- Innovius Capital has backed one water company, SewerAI, a California startup that reads CCTV footage of sewers with computer vision and sells it as cloud software. In the Leviathan database that is one company across two deals. (don't) Waste Water rates its water commitment Occasional.
- Is Innovius Capital a water investor?
- No. Innovius Capital is a generalist software, fintech and AI venture firm, not a water specialist. Its only water exposure is SewerAI, an AI sewer-inspection company that reads as enterprise SaaS. Founders seeking a dedicated water backer should look elsewhere; Innovius is an occasional, software-first fellow traveller.