Temasek and the Grundfos Foundation join Emerald Technology Ventures’ Global Water Fund II, which has reached €100 million, aiming to boost institutional investment in water technology innovation. Water scarcity is already affecting agriculture, industry, and urban planning worldwide, but venture capital has lagged in supporting solutions. The Zurich-based firm, with two decades of experience, seeks to change this. Key investors include Temasek, Singapore’s state investment company and the Grundfos Foundation. Previous investors include Veralto Corporation, Ecolab, SKion Water, and Oxy Technology Ventures. The fund initially closed at €60 million in late 2025 and aims for a larger goal, though no cap or timeline is set. Water technology, once unappealing for venture capital due to long development cycles and regulatory hurdles, is gaining interest due to its urgency and industrial demand. Companies backing the fund, such as Ecolab and Grundfos, are economically motivated, as their businesses rely on water availability and quality. Temasek’s return to the fund aligns with Singapore’s focus on water security. Founded in 2000, Emerald manages over €1 billion and invests in startups focusing on climate and sustainability, with water becoming a central area. While the fund’s portfolio details remain undisclosed, it focuses on water treatment, efficiency, and monitoring innovations. The fund’s growth signifies a shift in viewing water technology as infrastructure investment rather than philanthropy. However, whether this shift meets the global water stress pace remains uncertain, as a €100 million fund alone can’t solve the issue.
Swiss VC Emerald Technology Ventures Reaches €100M Milestone for Global Water Fund II
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