Emerald Technology Ventures raises €100 million for Global Water Fund II to invest in water solutions startups

The successful €100 million close of Emerald Technology Ventures' Global Water Fund II underscores a growing institutional appetite for specialized climate resilience investments, particularly in water solutions. This Zurich-based venture capital firm, managing over $1 billion in assets, is strategically deploying capital into early- to growth-stage companies focused on water infrastructure and resilience. The fund's targeted approach directly supports Emerald's established mandate of investing in industrial technology and sustainability, specifically addressing climate change challenges. This second dedicated water fund suggests a strong conviction in the sector's growth potential and the firm's ability to identify high-impact opportunities. The capital will enable innovative startups to scale critical technologies, providing essential solutions for global water security. The investor syndicate for Global Water Fund II reveals a strategic alignment among diverse global players. Singaporean sovereign wealth fund Temasek Holdings, known for its long-term investment strategy in sustainability, joins as a new investor, signaling its commitment to water-related infrastructure. Similarly, the Danish Grundfos Foundation, sole owner of Grundfos with EUR 4.7bn in 2025 sales, also enters as a new backer, extending its influence beyond pump solutions into broader water technology innovation. Existing investors include Ecolab, a global leader in water technologies with 48,000 employees, and SKion Water, a Germany-based strategic investor in water technology and services. Oxy Technology Ventures, the corporate venture arm of Occidental Petroleum, and Veralto Corporation, specializing in water quality solutions, further round out the diverse investor base. This collective backing from industrial giants and strategic investors validates the commercial viability and environmental urgency of the fund's investment thesis.