news-single
Published Jul 24, 2026

Btomorrow Ventures Invests in Emerald to Access Global Startup Innovation Across Industrial Sustainability and Emerging Technologies

Share article

Zurich, Switzerland – Emerald Technology Ventures, a globally recognized venture capital firm focused on sustainable industrial innovation, has announced Btomorrow Ventures as a new investor in its platform. The investment, made in partnership with BAT’s Open Innovation team, underscores BAT’s broader ambition to strengthen access to breakthrough technologies that can support business transformation, sustainability, and future-ready value chains.

Through this partnership, Btomorrow Ventures and BAT’s Open Innovation team will work closely with Emerald to gain enhanced visibility into global innovation pipelines across industrial sustainability and emerging technologies. The collaboration will support access to high-potential startups, sector expertise, and opportunities for strategic engagement with technologies relevant to BAT’s transformation agenda.

For Btomorrow Ventures, the partnership provides a direct connection to Emerald’s curated ecosystem of startups, corporate partners, and industrial innovation experts. The collaboration is expected to support BAT’s continued exploration of next-generation materials, packaging, sustainability solutions, and other technologies that can contribute to more resilient, circular, and future-ready value chains.

“Emerald has built a leading platform at the intersection of venture capital and industrial innovation,” said Lukasz Garbowski, Chief Investment Officer at Btomorrow Ventures. “Emerald’s global network, deep expertise and strong corporate partnerships make them an ideal partner for BTV. We are particularly excited by the strategic access this provides to cutting-edge technologies and the opportunity to work together to accelerate innovation aligned with BAT’s transformation priorities.”

“We are delighted to welcome Btomorrow Ventures into Emerald’s ecosystem,” said Fredric Petit, Partner at Emerald Technology Ventures. “Their ambition to explore next-generation materials, packaging and sustainability solutions is highly aligned with our work in industrial innovation, and we look forward to connecting them with breakthrough companies that can help shape more resilient, circular and future-ready value chains.”

The investment further strengthens Emerald’s global corporate investor base and reinforces its role as a bridge between leading industrial corporations and the startups developing technologies for a more sustainable future.

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm, founded in 2000, that manages and advises assets of over €1.3 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with four current funds, hundreds of venture transactions and six third-party investment mandates, including loan guarantees to over 100 start-ups.

This is Emerald.

Bold Ideas. Bright Future. www.emerald.vc

CONTACT FOR EMERALD:
info@emerald.vc

About Btomorrow Ventures:

Btomorrow Ventures (BTV) is the corporate venture capital arm of BAT, investing in world‑class innovators who advance BAT’s ambition to create A Better Tomorrow™. Guided by BAT’s strategy to build A Smokeless World and its commitment to quality growth, sustainability, and future‑fit innovation, BTV backs founders across functional food and beverages, reduced‑risk nicotine, emerging technologies & capabilities, and impact & sustainability.

With a global investment mandate and a long‑term strategic outlook, BTV partners with visionary founders who are redefining consumer experiences and shaping the next generation of consumer industries.