Emerald closes USD 100M water innovation impact fund with Temasek, SKion Water, Ecolab and Microsoft
Emerald Technology Ventures has announced the closing of its water impact fund, with committed capital totalling USD 100 million from cornerstone investor Temasek and strategic investors SKion Water, Ecolab and Microsoft. The fund will invest in early- to expansion-stage companies globally to drive critical innovation and its adoption in the water space. It will support the development of technologies that address some of the most pressing global challenges, as expressed within the UN Sustainable Development Goals, including conserving water resources, supporting solutions for sustainable, resilient cities, improving resource efficiency, adapting to climate change, reducing health risks and stimulating innovation & economic growth.
“We are excited to launch this initiative with leading water investors and industry players, leveraging our growing presence in Asia-Pacific and decades-long technology expertise across sectors critical to addressing water challenges,” commented Gina Domanig, Managing Partner at Emerald. “This is another example of how partnering with global players accelerates the adoption of technology, which addresses global issues.”
“Addressing water challenges around the world will require transforming the way water systems are managed and advancing new technologies to reduce water consumption and increase water quality and replenishment,” said Brandon Middaugh, director of Microsoft’s Climate Innovation Fund. “Emerald has long led the way on identifying and investing in industrial technologies that change the market. We look forward to partnering with them and the other LPs on this new fund to accelerate global water innovation.”
“In less than 10 years, demand for freshwater is expected to outpace available supply by 40%,” said Ecolab President and Chief Operating Officer Christophe Beck. “It will take new innovations to reduce consumption and balance supply and demand for this precious resource. The Emerald water impact fund will support and accelerate innovations in the water sector more quickly to help solve this pressing global challenge.”
Reinhard Hübner, CEO of SKion Water added: “Emerald has successfully exited several investments in the water sector. Helge Daebel as leader of Emerald’s water activities is widely recognized as one of the most knowledgeable persons in the global water investor community. We look forward to working closely with the Emerald team and the other LPs of the fund to support innovation in the water sector.”
Helge Daebel, Partner at Emerald and leading its water activities, concluded: “As a trusted and value-adding partner, we facilitate collaborations on strategic innovation with global partners and customers. With the closing of this fund, we look forward to continuing to drive the water sector forward by utilizing our proven partnership model for the most innovative water companies.”