FOR GENERAL INFORMATION ONLY. Nothing on this site constitutes an offer to sell, a solicitation to buy, or investment advice. WaterFundable PBC is not a registered investment advisor, broker dealer, or placement agent.

Aerial view of water treatment facility
About WaterFundable PBC

Building the investment middle office the water sector needs.

Photo by Bob Brewer on Unsplash

WaterFundable PBC is a Public Benefit Corporation on a mission to help close the water infrastructure financing gap by developing the technology and financial infrastructure designed to connect utilities to private capital markets.

Our Mission

Not a bank. Not a grant program. Building the missing middle office.

WaterFundable PBC is a Public Benefit Corporation. Our legal purpose is not only to generate returns for shareholders, it is to deliver measurable public benefit through improved water infrastructure, lower ratepayer costs, and verified environmental outcomes. That mission is written into our charter.

We launched because the problem is not a lack of money. Utilities have real projects. Investors want water assets. Corporations have real stewardship commitments. The missing piece is the middle office infrastructure: an origination platform designed to package projects for issuance, and a back office trust intended to manage compliance and reporting for the full bond term. WaterFundable PBC is being built as the front and middle office, and WaterFundable Trust as the back office. Together they are designed to become the infrastructure that has been missing.

Our Relationship to WaterFunder

A decade of water finance expertise.

WaterFundable PBC is a sister company to WaterFunder LLC, the pioneering water infrastructure finance company launched in 2015. WaterFunder builds the funding and financing strategies. WaterFundable is building the technology platform and investment middle office designed to make those strategies scalable.

Our founder co-authored the AWWA Manual of Practice for Capital Planning and Financing, and carries a decade of working relationships with utilities, engineering firms, bond counsel, and corporate water stewardship programs.

Our Team

Finance. Water. Technology.

Our team and advisory network combine deep roots across public finance, water engineering, corporate sustainability, capital markets, and civic technology, united by the conviction that the water infrastructure funding gap is a structural problem with a structural fix.

Arthine Cossey Van Duyne
Founder and CEO
Army veteran, economist, and climate fellow at the Aspen Institute. She founded WaterFunder to fix how water projects get paid for.
James Gebhardt
Advisor
Retired Senior Advisor on Municipal Water Sector Finance at the U.S. EPA. He led the EPA Water Infrastructure and Resiliency Finance Center, shaping WIFIA, State Revolving Fund innovations, and environmental market-based solutions for water. A national voice on utility affordability, public-private financing, and the Environmental Finance Center Network.
Priscilla Johnson, PhD
Advisor
Civil and environmental engineer with a doctorate from Purdue University. Spent years at Microsoft and Pacific Gas and Electric designing water and energy efficiency programs for large facilities.
Brad Zerbe
Advisor
Bond founder. Former finance director for the chairman of the United States Senate Finance Committee. Banking compliance veteran at three of the five largest banks in the country.
Eduard Navarro
Advisor
Founder of Net de Gerrers, an alternative investment manager across the U.S., Spain, and Latin America. Advises on international investor outreach and cross-border infrastructure deal structuring.
Ed Devinney
Advisor
Co-founder of Connected Things. Product executive with experience across software, fintech, and data platforms in enterprise and consumer technology.
Our Methodologies and Frameworks

Built on recognized standards. Designed for interoperability.

WaterFundable is built upon existing, approved frameworks. The Volumetric Water Benefit Accounting protocol governs how we measure water outcomes for WASH and biodiversity reporting. Climate Bonds Initiative standards govern how we structure and certify each bond portfolio. We do not invent our own standards. We connect the best existing frameworks into a single platform that utilities, investors, regulators, and corporate partners already recognize and trust.

Water Infrastructure Finance
  • AWWA Manual of Practice M29, Water Utility Capital Financing: foundational guide for utility capital programs
  • EPA water infrastructure finance frameworks: regulatory baseline and the case for private capital
  • OECD blended finance for water: architecture for combining public, philanthropic, and private capital
  • GFOA guidance on green bonds and utility participation in designated bond programs
Corporate Water Stewardship
  • CEO Water Mandate and the Water Resilience Coalition: voluntary commitment framework at the executive level
  • World Resources Institute VWBA protocol: quantification methodology for verified water benefits
  • Alliance for Water Stewardship international standard: corporate partner eligibility and attribution tracking
Biodiversity and Nature
  • Taskforce on Nature-related Financial Disclosures: governing nature-related risk and opportunity assessment
  • CDP water security questionnaire: primary global corporate water disclosure standard
  • GRI 303, ESRS E3, and SBTN freshwater guidance: multi-framework output compatibility for corporate partners
Capital Markets and Compliance
  • ICMA Green Bond Principles and Blue Bond guidance: use-of-proceeds framework and impact reporting
  • Climate Bonds Initiative water infrastructure criteria: certification pathway for each portfolio
  • SEC Rule 144A: federal safe harbor for private resales to Qualified Institutional Buyers
  • Regulation D, Securities Act of 1933: initial private placement exemption
A Note on Technology Partners

WaterFundable PBC works with recognized providers across data and measurement infrastructure, bond accounting and trustee services, and licensed broker dealer operations. We name those partners in direct conversations under appropriate confidentiality agreements. Every function in our platform sits with a credentialed, regulated provider with an established track record in public finance and climate capital markets.

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