Veralto invests €20 million in Emerald Technology Ventures' Global Water Fund II.

Veralto Corporation, a global leader in water quality solutions, has made a €20 million investment commitment in Emerald Technology Ventures' Global Water Fund II. This move reinforces Veralto's focus on driving water innovation and addressing critical global water challenges. The investment will give Veralto visibility and access to early- and growth-stage water technology businesses. The new fund is expected to launch in October.

Veralto Corporation, a global leader in water quality solutions, has announced a €20 million investment commitment in Emerald Technology Ventures' Global Water Fund II. This investment underscores Veralto's commitment to driving innovation and addressing critical global water challenges [1].

The investment will provide Veralto with visibility and access to early- and growth-stage water technology businesses, allowing the company to identify and scale solutions that align closely with its customers' needs. This strategic partnership also offers Emerald's portfolio companies the opportunity to benefit from Veralto's strong customer intimacy, global market reach, and track record of successfully scaling innovative businesses [1].

Veralto's President and Chief Executive Officer, Jennifer L. Honeycutt, stated, "Emerald's global presence and deep sector expertise provide Veralto with early insight into emerging water-focused ventures, making it a strong strategic partner to augment our innovation and technology development efforts." Dr. Helge Daebel, Partner and Head of Emerald's Water Practice, added, "Veralto, as a leading global player in water analytics and treatment, is a natural partner for our next Global Water Fund" [1].

The €150-180 million Global Water Fund II is designed to accelerate innovation across the water value chain, including technologies that address treatment, monitoring, and emerging contaminants. The new partnership reflects a shared mission to shape the future of water through innovation and collaboration [1].

Veralto, with annual sales of over $5 billion, is a global leader in essential technology solutions with a proven track record of solving some of the most complex challenges we face as a society. The company is committed to making an enduring positive impact on the world and is united by a powerful purpose: Safeguarding the World's Most Vital Resources™ [1].

Emerald Technology Ventures, a globally recognized venture capital firm, manages and advises assets of over €1 billion from its offices in Zurich, Toronto, and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with four current funds, hundreds of venture transactions, and five third-party investment mandates [1].

The Global Water Fund II is expected to launch in October, marking a significant milestone in Veralto's and Emerald's collaborative efforts to advance water innovation and sustainability.

References:
[1] https://www.prnewswire.com/news-releases/veralto-commits-20m-to-emeralds-new-fund-to-accelerate-water-innovation-solutions-302510554.html