Veralto Commits €20M To Emerald's New Fund To Accelerate Water Innovation Solutions

Funding commitment makes Veralto a Cornerstone Investor of the new proposed fund, expected to launch in October

Veralto Corporation, a global leader in essential water and product quality solutions dedicated to Safeguarding the World's Most Vital Resources, announced a €20M investment commitment in Emerald Technology Ventures' Global Water Fund II, reinforcing the Company's focus on driving the next wave of water innovation and advancing breakthrough technologies that address critical global water challenges.

Headquartered in Zurich with offices in Toronto and Singapore, Emerald is one of the first venture capital firms to focus on sustainable industrial innovation, with more than €1.2B in assets under management.

Veralto's investment gives the Company visibility and access to key early- and growth-stage water technology businesses that address the most complex challenges facing Veralto's current customers. The investment also offers Emerald's portfolio companies an opportunity to benefit from the Company's strong customer intimacy, global market reach, and track record of successfully scaling innovative businesses.

"Emerald's global presence and deep sector expertise provide Veralto with early insight into emerging water-focused ventures, making it a strong strategic partner to augment our innovation and technology development efforts," said Jennifer L. Honeycutt, President and Chief Executive Officer at Veralto. "This move strengthens our ability to identify and scale solutions that align closely with our customers' needs in addressing critical water challenges worldwide."

"Veralto, as a leading global player in water analytics and treatment, is a natural partner for our next Global Water Fund," said Dr. Helge Daebel, Partner and Head of Emerald's Water Practice. "Their purpose aligns with our more than 25 years of investing in sustainable industrial transformation, and they will join the ranks of more than 50 large corporations that we already count as investors and partners in our open innovation efforts."

Emerald's €150-180M Global Water Fund II, which will launch in October, is designed to accelerate innovation across the water value chain, including technologies that address treatment, monitoring and emerging contaminants. The new partnership reflects a shared mission to shape the future of water through innovation and collaboration.

About Veralto
With annual sales of over $5B, Veralto is a global leader in essential technology solutions with a proven track record of solving some of the most complex challenges we face as a society. Our industry-leading companies with globally recognized brands help billions of people around the world access clean water, safe food and trusted essential goods. Headquartered in Waltham, Massachusetts, our global team of nearly 17,000 associates is committed to making an enduring positive impact on our world and united by a powerful purpose: Safeguarding the World's Most Vital Resources.

About Emerald Technology Ventures
Emerald is a globally recognized venture capital firm, founded in 2000, that manages and advises assets of over €1B 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 five third-party investment mandates, including loan guarantees to over 100 start-ups.