Emerald Technology Ventures raises fresh capital for water resilience
Emerald Technology Ventures said its Global Water Fund II has reached €100 million in commitments, supported by new investments from Temasek and the Grundfos Foundation. The milestone comes as governments and industry face rising pressure to modernize water infrastructure and deploy technologies that improve resilience across the global water system.
The firm previously announced a first close of €60 million in late 2025 and is targeting a final fund size of €150 million to €180 million. Additional backers named by Emerald include Veralto Corporation, Ecolab, SKion Water, and Oxy Technology Ventures.
Focus areas: treatment, reuse, and digital monitoring
Global Water Fund II will invest in startups across the water technology value chain, with an emphasis on solutions for infrastructure resilience, advanced treatment, reuse technologies, and digital monitoring and automation.
“With Temasek and Grundfos Foundation joining Global Water Fund II, we are bringing together two globally influential organisations with highly complementary perspectives on water resilience,” said Dr Helge Daebel, Partner at Emerald and head of its water practice. He described the fund as a platform intended to connect long-term capital, industrial expertise, and emerging technologies to accelerate deployment.
Building on a long watertech track record
Founded in 2000, Emerald manages and advises more than €1 billion in assets from offices in Zurich, Toronto, and Singapore. The firm focuses on climate and sustainability challenges and said its portfolio history includes companies later acquired by industry players such as SUEZ, Xylem, and BASF.
Kim Nøhr Skibsted, Executive Director of the Grundfos Foundation, said the foundation views investment as a way to help water startups scale and address global water and climate challenges.
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