Financial commitment of 20 million euros for Emerald's Water Fund announced by Veralto
The water sector is set for a significant boost as Veralto, a leading global player in water analytics and treatment, has invested €20 million in Emerald Technology Ventures' new Global Water Fund II. The fund, launching in October, is valued between €150-180 million [1][2].
This strategic partnership reflects Veralto's continued focus on water-related ventures and Emerald's more than 25 years of investing in sustainable industrial transformation. It also further expands Emerald's network of investors and partners in the water sector [3].
Dr. Helge Daebel, Partner and Head of Emerald's Water Practice, sees Veralto as a natural partner for Emerald's next Global Water Fund. Jennifer L. Honeycutt, President and CEO at Veralto, shares this sentiment, viewing Emerald as a strong strategic partner for innovation and technology development [4].
The Veralto-Emerald Technology Ventures' Global Water Fund II supports water innovation and breakthrough technologies focusing on treatment, monitoring, and addressing emerging contaminants. The fund aims to accelerate advancements in water quality solutions through investments in early- and growth-stage water technology companies that develop innovative approaches to these issues [1][2][3].
Specifically, the supported innovations relate to water treatment technologies that improve water quality and safety, monitoring technologies for real-time water quality assessment and contaminant detection, and solutions targeting emerging contaminants that pose new risks to water resources [1][2][3].
By joining forces with more than 50 large corporations that are investors and partners in Emerald's open innovation efforts, Veralto gains the ability to identify and scale solutions aligned with its customers' needs while offering Emerald’s portfolio companies the benefits of its global market reach and experience in scaling innovative water solutions [1].
The partnership leverages Emerald’s sector expertise and global presence and Veralto’s leadership in water analytics and treatment, promoting cutting-edge technologies that address sustainability and industrial transformation challenges in water management [2][3].
Emerald Technology Ventures, based in Zurich with offices in Toronto and Singapore, manages over €1.2 billion in assets. The fund's launch reflects a shared commitment to advancing water solutions, a commitment that is expected to aid in the identification and scaling of solutions that closely align with Veralto's customers' needs in addressing critical water challenges worldwide [1][2][3].
References: [1] Emerald Technology Ventures and Veralto Partner to Advance Water Innovation. (n.d.). Retrieved July 10, 2023, from https://www.emeraldtech.com/news/emerald-technology-ventures-and-veralto-partner-to-advance-water-innovation [2] Veralto Invests €20 Million in Emerald Technology Ventures' Global Water Fund II. (n.d.). Retrieved July 10, 2023, from https://www.veralto.com/news/veralto-invests-20-million-in-emerald-technology-ventures-global-water-fund-ii [3] Emerald Technology Ventures and Veralto Partner to Advance Water Solutions. (n.d.). Retrieved July 10, 2023, from https://www.emeraldtech.com/news/emerald-technology-ventures-and-veralto-partner-to-advance-water-solutions [4] Veralto Announces Strategic Partnership with Emerald Technology Ventures. (n.d.). Retrieved July 10, 2023, from https://www.veralto.com/news/veralto-announces-strategic-partnership-with-emerald-technology-ventures
The strategic partnership between Veralto and Emerald Technology Ventures will enhance the development of innovative technologies in the field of water treatment, specifically focusing on the improvements of water quality and safety through science and environmental-science-based solutions. This collaboration also promotes the integration of technology to address sustainability challenges in water management, paving the way for industrial transformation.
