Ni Florida, LLC (Ni America Capital Management, LLC)
Ni Florida, LLC (Ni America Capital Management, LLC) is a regulated U.S. water and wastewater utility operator that also appears in venture data as a startup backer. It runs water systems in Florida and South Carolina, and its one tracked water-tech position is Irrigreen, the robotic home-sprinkler maker, backed across two rounds through 2025.
Compiled by Antoine Walter, (don't) Waste Water, from official filings and direct intelligence in Leviathan.
The take
Ni Florida is, first and most concretely, a water company in the literal sense: a regulated utility that pipes drinking water and carries away wastewater for households in Florida and South Carolina, run today within the Nexus Water Group family of utilities. The investor name on this page traces back to Ni America, a Houston operator built to buy and run small water systems across fast-growing parts of the United States. That is an unusual pedigree for a startup backer.
Ni America Capital Management is not a venture fund with a published thesis, a fundraising clock, or a team page, and (don't) Waste Water does not pretend otherwise. In the water-investment data the name surfaces exactly once, through Irrigreen, the startup whose robotic sprinkler paints water onto a lawn from a single nozzle instead of spraying it everywhere, cutting household outdoor water use sharply. The name sits alongside dedicated water investors like Burnt Island Ventures, Ulu Ventures and Echo River Capital across Irrigreen's seed and 2025 Series A rounds.
Ni Florida is, in the end, the rare case where the backer's name and the bet rhyme: a water utility lending its name to a gadget that saves the very water its pipes carry. For a newcomer reading this market, the signal here is not deal volume but who is at the table - when a utility operator turns up on the investor list next to the water-tech specialists, it is a small sign that the people closest to the meter think saving demand is worth owning, not only selling.
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 is Ni Florida, LLC (Ni America Capital Management, LLC)?
- Ni Florida, LLC (Ni America Capital Management, LLC) is the name of a regulated U.S. water and wastewater utility operator, run today within the Nexus Water Group, that also appears in (don't) Waste Water's water-investment data as a startup backer. Ni Florida itself supplies water and wastewater service to Florida communities.
- What does Ni America Capital Management invest in?
- Ni America Capital Management is not a dedicated venture fund and has no public investment thesis. In Leviathan's water data it holds a single tracked water-technology position: Irrigreen, maker of a robotic home sprinkler that cuts outdoor water use. The name backed Irrigreen across two funding rounds through 2025.
- Where is Ni Florida based?
- Ni Florida operates regulated water and wastewater systems in Florida, including service areas in Lee and Pasco Counties, with offices in Port Richey. The broader Ni America Capital Management name traces to a Houston, Texas water-utility operator, and affiliated Ni utilities have also served South Carolina.
- Is Ni Florida the same as Irrigreen or Nexus Water Group?
- No. Ni Florida is the regulated water utility and the recorded Irrigreen backer; Irrigreen is the robotic-sprinkler startup it backed; and Nexus Water Group is the larger utility group that operates Ni Florida today. The 'Ni America Capital Management' name identifies the utility side, not a standalone venture fund.