Veralto's €20 Million Commitment to Enhance Global Water Innovation Fund
Veralto Corporation (NYSE: VLTO), a prominent leader in water analytics and product quality solutions, has recently made strides in sustainable innovation by committing €20 million to Emerald Technology Ventures' Global Water Fund II. This significant investment is part of Veralto's mission to safeguard essential resources and is expected to accelerate the development of cutting-edge water solutions as the world faces increasing water challenges.
Emerald, based in Zurich with branches in Toronto and Singapore, is a pioneering venture capital firm focusing on sustainable industrial transformation, managing over €1.2 billion in assets. By investing in this new fund, Veralto enhances its ability to access early-to-growth-stage water technology companies that are actively tackling pressing issues in water management and quality.
The collaboration is seen as a strategic move by Veralto, providing valuable visibility into emerging water technologies, while simultaneously allowing Emerald’s portfolio enterprises to leverage Veralto’s extensive market reach and its established reputation for scaling innovative solutions effectively. Jennifer L. Honeycutt, President and CEO of Veralto, stated that this initiative strengthens their partnership with Emerald and ensures alignment with customer needs to address vital water issues across the globe.
The Global Water Fund II, which is anticipated to launch in October with a projected capital of €150-180 million, aims to facilitate innovation across the entire water value chain. This encompasses advancements in water treatment, monitoring, and managing emerging contaminants. Dr. Helge Daebel, a partner at Emerald, commented on Veralto’s alignment with the fund's objectives, recognizing the firm as a natural partner given its status as a leader in water analytics and treatment.
This strategic alliance not only positions Veralto to be at the forefront of sustainable water solutions but also engages with a broader network of over 50 corporations that Emerald collaborates with, aiming to tackle global water issues collectively through the lens of innovation.
Founded in 2000, Emerald Technology Ventures has a rich history of investment in cutting-edge solutions that combat climate change and promote sustainability. Through its current funds and various ventures, it has established itself as a significant player in advancing technologies that meet the world’s most pressing environmental challenges.
As they prepare to launch the new fund, both Veralto and Emerald are set to shape the future of water innovation, fostering initiatives that not only promise to enhance water quality and accessibility but also contribute to the sustainable management of one of the planet’s most critical resources. The collaboration reflects a shared commitment to creating impactful solutions that resonate with global needs, further entrenching both organizations in the drive towards a sustainable future.
With this investment, Veralto is poised to make significant contributions to water innovation, bringing forth technologies that can ensure safer and cleaner water for communities worldwide. As global water scarcity becomes a more pressing concern, this partnership emphasizes the importance of proactive investment in technological solutions that can lead the way toward a resilient and sustainable water future.
In a world where water challenges are escalating, Veralto's commitment to supporting innovation solutions represents not just a corporate investment but a commitment to a more sustainable, resource-aware approach to managing one of the earth's essential assets. This strategic partnership is set to be a pivotal step toward achieving advancements that will change the landscape of water innovation and promote overall environmental sustainability.
Emerald, based in Zurich with branches in Toronto and Singapore, is a pioneering venture capital firm focusing on sustainable industrial transformation, managing over €1.2 billion in assets. By investing in this new fund, Veralto enhances its ability to access early-to-growth-stage water technology companies that are actively tackling pressing issues in water management and quality.
The collaboration is seen as a strategic move by Veralto, providing valuable visibility into emerging water technologies, while simultaneously allowing Emerald’s portfolio enterprises to leverage Veralto’s extensive market reach and its established reputation for scaling innovative solutions effectively. Jennifer L. Honeycutt, President and CEO of Veralto, stated that this initiative strengthens their partnership with Emerald and ensures alignment with customer needs to address vital water issues across the globe.
The Global Water Fund II, which is anticipated to launch in October with a projected capital of €150-180 million, aims to facilitate innovation across the entire water value chain. This encompasses advancements in water treatment, monitoring, and managing emerging contaminants. Dr. Helge Daebel, a partner at Emerald, commented on Veralto’s alignment with the fund's objectives, recognizing the firm as a natural partner given its status as a leader in water analytics and treatment.
This strategic alliance not only positions Veralto to be at the forefront of sustainable water solutions but also engages with a broader network of over 50 corporations that Emerald collaborates with, aiming to tackle global water issues collectively through the lens of innovation.
Founded in 2000, Emerald Technology Ventures has a rich history of investment in cutting-edge solutions that combat climate change and promote sustainability. Through its current funds and various ventures, it has established itself as a significant player in advancing technologies that meet the world’s most pressing environmental challenges.
As they prepare to launch the new fund, both Veralto and Emerald are set to shape the future of water innovation, fostering initiatives that not only promise to enhance water quality and accessibility but also contribute to the sustainable management of one of the planet’s most critical resources. The collaboration reflects a shared commitment to creating impactful solutions that resonate with global needs, further entrenching both organizations in the drive towards a sustainable future.
With this investment, Veralto is poised to make significant contributions to water innovation, bringing forth technologies that can ensure safer and cleaner water for communities worldwide. As global water scarcity becomes a more pressing concern, this partnership emphasizes the importance of proactive investment in technological solutions that can lead the way toward a resilient and sustainable water future.
In a world where water challenges are escalating, Veralto's commitment to supporting innovation solutions represents not just a corporate investment but a commitment to a more sustainable, resource-aware approach to managing one of the earth's essential assets. This strategic partnership is set to be a pivotal step toward achieving advancements that will change the landscape of water innovation and promote overall environmental sustainability.
Topics Consumer Technology）
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