Zürich/Toronto/Singapore: Leading climate-tech pioneer Emerald Technology Ventures has announced that its industrial climate-tech fund has just surpassed €250 million. The flex-term fund’s milestone is notable not only for its size, but also because many blue-chip industrial corporations have invested, seeking transformational change to reach their net-zero commitments. The fund supports their drive to be early adopters of the climate-tech solutions that cutting-edge start-ups can provide. Current investors—a group whose combined total revenues exceed $1 trillion—include diverse global industrial giants in energy, chemicals, materials, packaging, heavy industry, automotive, technology, real estate and utilities.
This milestone also highlights Emerald’s overall position as a major player amongst climate-tech VCs, now managing and advising over €1 billion in assets for over 50 LPs. Emerald’s other funds specifically target the energy transformation, sustainable packaging and global water impact. It also has three corporate venture-capital (CVC)- mandates with industrial tech, energy and packaging companies in Japan, South Africa and Switzerland, in which Emerald curates the entire deal flow of a client’s CVC arm. Emerald also manages the Technology Fund on behalf of the Swiss government, which offers loan guarantees to Swiss companies that contribute to a sustainable reduction in greenhouse gas emissions.
As the industrial climate-tech fund continues to grow, it not only helps to reveal solutions for sustainable operations, but also helps discover and develop new technology that will transform business models to be profitable in a sustainable and climate-friendly economy. The fund’s portfolio includes leading technologies in climate tech such as clean energy management, PFAS-free coatings, algorithmic electricity trading, alternative proteins, digital infrastructure assessment, AI enabled water leak detection, bioplastics and more.
Gina Domanig, Managing Partner and CEO of Emerald, said, “Climate tech is a must-have, not a nice-to-have. We are part of the transformation that is happening in sectors that are not only critical to the economy, but critical to our sustainable prosperity. I am excited to be a player in that transformation and to see Emerald’s role in catalyzing such large global players to make the difficult changes that are necessary for a healthy planet.”