Global Water Fund II
Project
Industrial sustainability-focused venture capital firm Emerald Technology Ventures announced it has raised €100 million in commitments for its Global Water Fund II. The fund aims to invest in early- to growth-stage startups advancing solutions across the full water value chain, including infrastructure and business resilience. New investors include Temasek and the Grundfos Foundation, alongside existing investors Veralto, Ecolab, SKion Water, and Oxy Technology Ventures.
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Counterparts (7)
Investor
Temasek Holdings
company · 2 deals
Temasek Holdings is a Singaporean sovereign wealth fund that invests globally across a variety of sectors. Their investment strategy focuses on long-term trends and opportunities, including sustainable living, future of consumption, longer lifespans and a more connected world.
Ecolab
company
Ecolab is a global leader in water, hygiene, and energy technologies and services, headquartered in St. Paul, Minnesota, with approximately 48,000 employees worldwide. It provides critical solutions for industrial, institutional, and commercial customers to optimize water use, enhance sanitation, and improve energy efficiency across various infrastructure sectors.
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Oxy Technology Ventures
company
Houston-based Oxy Technology Ventures, operating as Oxy Low Carbon Ventures (OLCV), is the corporate venture and technology development arm of Occidental Petroleum. It focuses on investing in and developing large-scale low-carbon solutions, particularly carbon capture, utilization, and storage (CCUS), direct air capture (DAC), and hydrogen, primarily in the United States.
SKion Water
company
Bad Homburg v. d. Höhe, Germany-based strategic investor and holding company for water technology and services companies. It invests in and develops companies across the entire water value chain globally, focusing on industrial and municipal water treatment.
Grundfos Foundation
company
Veralto
company
Veralto Corporation is a global industrial technology company specializing in critical water quality and product identification solutions. Headquartered in Everett, Washington, USA, it operates with approximately 16,000 associates serving customers in over 100 countries.
Deal Analysis
Emerald Technology Ventures secured €100 million for its Global Water Fund II, drawing significant new commitments from global investment company Temasek and the Grundfos Foundation. This fresh capital will back early- to growth-stage startups innovating across the entire water value chain, including critical infrastructure and business resilience solutions. The continued participation of existing corporate investors like Veralto, Ecolab, SKion Water, and Oxy Technology Ventures demonstrates strong industry alignment with the fund's mission.
- €100 million raised for Global Water Fund II
- Temasek, a global investment company, joined as a new investor
- Grundfos Foundation also a new investor
- Existing LPs include Veralto, Ecolab, SKion Water, and Oxy Technology Ventures
Source Intelligence
KEY DETAILS
The new announcement follows the first close of the fund in late 2025 at €60 million. Emerald is targeting a total fund size of between €150 million and €180 million for the fund. Its predecessor, the inaugural Global Water Fund, closed in 2020 with $100 million from investors including Temasek, Microsoft and Ecolab.
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Deal Size
Emerald Technology Ventures announced that it has raised €100 million (USD$116 million) in commitments for its Global Water Fund II
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Location
Global Water Fund II invests in early- to growth-stage companies worldwide
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Financials
Emerald Technology Ventures announced that it has raised €100 million (USD$116 million) in commitments for its Global Water Fund II
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Announcement
Kenny Fisher March 11, 2026
PARTIES MENTIONED IN SOURCE
E
Emerald Technology Ventures
investor
"Industrial sustainability-focused venture capital firm Emerald Technology Ventures announced that it has raised €100 million... for its Global Water Fund II"
T
Temasek
investor
"new investors including Temasek"
G
Grundfos Foundation
investor
"and the Grundfos Foundation"
V
Veralto
investor
"other investors including Veralto"
S
SKion Water
investor
"SKion Water"
O
Oxy Technology Ventures
investor
"Oxy Technology Ventures"
high quality
Enriched Mar 11, 2026
Global Infrastructure Sherpa