The Water Impact Fund has been launched by Emerald Technology Ventures, with committed capital totalling USD 100 million from cornerstone investor Temasek and strategic investors SKion Water, Ecolab and Microsoft.
The fund will invest in early- to expansion-stage companies globally to drive critical innovation and its adoption in the water space. It will support the development of technologies that address some of the most pressing global challenges, as expressed within the UN Sustainable Development Goals, including conserving water resources, supporting solutions for sustainable, resilient cities, improving resource efficiency, adapting to climate change, reducing health risks and stimulating innovation & economic growth.
Emerald is expected to leverage its regional expertise and its long-standing track record in water tech investing to deploy the proceeds of the fund in modest ticket sizes over the first five years of its ten-year life.