Emerald Technology Ventures has reached a €100 million milestone for its Global Water Fund II, following new investments from Temasek and the Grundfos Foundation. This latest funding comes after a first close of €60 million in late 2025.
The addition of Temasek, a key investor in Emerald’s first water fund, and the Grundfos Foundation, the charitable arm of the Danish pump manufacturer Grundfos, strengthens the fund's focus on water resilience and climate technology. Other investors include Veralto Corporation, Ecolab, SKion Water, and Oxy Technology Ventures, emphasizing the broad support for innovative water solutions.
Global Water Fund II aims to raise between €150 and €180 million, with a focus on early to growth-stage companies addressing challenges in water infrastructure, treatment, reuse, and technology for emerging contaminants. The fund will accelerate innovation across the water sector, particularly in areas such as digital monitoring, automation, and decision-making technologies.
Dr. Helge Daebel, Partner at Emerald Technology Ventures, highlighted the value of the new investors: “With Temasek and Grundfos Foundation joining Global Water Fund II, we are bringing together two globally influential organizations to drive forward water resilience through collaboration and innovation.”
Kim Nøhr Skibsted, Executive Director of the Grundfos Foundation, added, “Our investment aims to support the growth of water startups that are addressing global water and climate challenges.”
Emerald’s previous fund has been instrumental in driving success in the water technology sector, facilitating key exits to industry giants like SUEZ, Xylem, and BASF. Additionally, the firm has supported partnerships between major corporations and startups, such as Microsoft’s work with Kilimo and FIDO.
Emerald Technology Ventures, founded in 2000, manages over €1 billion in assets and continues to invest in sustainable solutions that address global climate challenges.
