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Veralto Commits €20M to Emerald's New Fund to Accelerate Water Innovation Solutions
Prnewswire· 2025-07-22 11:30
Core Insights - Veralto Corporation has committed €20 million to Emerald Technology Ventures' Global Water Fund II, emphasizing its dedication to advancing water innovation and addressing global water challenges [1][4][5] - Emerald Technology Ventures, with over €1.2 billion in assets under management, focuses on sustainable industrial innovation and has a strong presence in the venture capital space [2][6] - The partnership will provide Veralto with access to early- and growth-stage water technology businesses, enhancing its ability to meet customer needs and scale innovative solutions [3][4] Company Overview - Veralto is a global leader in essential technology solutions, generating over $5 billion in annual sales and employing nearly 17,000 associates [5] - The company's mission is to safeguard vital resources, including clean water and safe food, through innovative solutions [5] Fund Details - Emerald's Global Water Fund II, set to launch in October, aims to raise between €150 million and €180 million to accelerate innovation across the water value chain [4]