Emerald Technology Ventures is pleased to announce several additional commitments of EUR 25 million in the Industrial Innovation Fund, confirming Emerald’s position as a leading partner for corporate venturing.
SHV Energy, Heraeus, Bekaert and SCG have joined Emerald’s award-winning evergreen fund in quick succession. With their commitment, the companies join a growing Limited Partner base comprising leading industrial multinational corporations in Europe, North America and Asia who are committed to open innovation.
“We are very pleased to be partnering with Emerald,” emphasized Fulco van Lede, CEO of SHV Energy. “Our investment represents an essential step in strengthening the technology and innovation driven business of SHV.”
Jan Rinnert, CEO Heraeus Holding added “Heraeus has a notable footprint in internal and external start-up development. With Emerald we are expanding our engagement in corporate venturing and are looking forward to widen our external collaboration.”
“Ever since the first contact, we appreciate the high level of professionalism of the Emerald team,” said Nuno Carvalho, Head of Corporate Innovation and Venturing from Bekaert. “Working together with Emerald is about getting access to the best quality external innovation and expertise.”
“We are happy to welcome SHV Energy, Heraeus, Bekaert and SCG and look forward to connecting them with innovative start ups to build mutually beneficial relationships for all parties,” commented Gina Domanig, Managing Partner at Emerald. “The traction we have achieved demonstrates the value of our model. Ongoing commitments from multinational corporations not only provide capital but also enhanced access to global partners and markets for our portfolio companies.”
About SHV Energy
SHV Energy is a family-owned multinational organisation that consists of a group of specialised energy companies. These companies provide people and businesses with decentralised personalised energy solutions and services.
Today, SHV Energy are servicing the needs of over 30 million customers over three continents that use their energy for hundreds of applications. www.shvenergy.com
A globally leading technology group, Heraeus is headquartered in Hanau, Germany. Founded in 1851, it is a family-owned portfolio company which traces its roots back to a pharmacy opened by the family in 1660. Today, Heraeus combines businesses in the environmental, energy, electronics, health, mobility and industrial applications sectors.
Bekaert is a world market and technology leader in steel wire transformation and coating technologies. We pursue to be the preferred supplier for our steel wire products and solutions by continuously delivering superior value to our customers worldwide. Bekaert (Euronext Brussels: BEKB) is a global company with almost 30 000 employees worldwide, headquarters in Belgium and € 4.8 billion in annual revenue.
SCG, a leading business conglomerate in the ASEAN region, has committed itself to conducting business in line with good corporate governance and sustainable development principles throughout 100 years. The Group’s longstanding tradition of learning, adjustment and development in all areas has enabled SCG to survive the wave of crises and challenges and earn widespread recognition as a role model for other businesses, both locally and internationally. www.scg.com
About Emerald Technology Ventures
Emerald is a globally recognized investment firm in the areas of energy, water, advanced materials and industrial IT. Founded in 2000, the company has raised four Venture Capital Funds, completed almost 60 venture investments, been a trusted partner for numerous multi-national corporations in their open innovation activities and managed three technology investment programs for third parties. From offices in Zurich, Switzerland and Toronto, Canada, Emerald has managed assets of over USD 660 million to date. www.emerald-ventures.com