Xylem led a $22.5m Series A round in Flocean.

Xylem, a water technology company specializing in point-of-use solutions for various sectors, led a $22.5m Series A round in Flocean, the Norwegian subsea desalination company, with participation from Burnt Island Ventures, Freebird Capital, Katapult Ocean, Nysnø Climate Investments, Ari Emanuel, Orion, Rypples, Wellers Impact and Asset Buyout Partners. The proceeds of the Series A round will fund the launch and operation of Flocean One — the world's first demonstrator and commercial subsea desalination plant — in 2026 at Mongstad. The funding will also support continued organizational growth and advance large-scale commercial projects across Europe, the Middle East, the Americas, and island nations.