Swiss VC Emerald Technology Ventures hits €100M milestone for its Global Water Fund II

Temasek and the Grundfos Foundation have joined the fund as it passes its latest target, part of a broader push to channel institutional capital into water technology innovation.

Water scarcity is not a future problem. It is a present one, already constraining agriculture, industry, and urban planning across multiple continents.

What has lagged, historically, is the venture capital infrastructure to fund companies addressing it. Emerald Technology Ventures, a Swiss firm with two decades in the sector, has been trying to change that.

The Zurich-based firm announced this week that its Global Water Fund II has reached €100 million, following the addition of two significant investors: Temasek, Singapore’s state investment company, which was already a cornerstone backer in Emerald’s first water fund, and the Grundfos Foundation, the owner of Grundfos, the world’s largest pump manufacturer, headquartered in Denmark.

Previous investors in the fund include Veralto Corporation, Ecolab, SKion ...