Second Closing of Third Emerald Venture Fund

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15.01.2013
Emerald Technology Ventures welcomes EVONIK, MAHLE and COFISA in the second closing of its third venture fund with a target size of EUR100 million. Emerald is a globally recognized investor in the areas of energy, water and materials.

Emerald Technology Ventures is pleased to announce the second closing of its third venture fund with a target size of €100 million. As of December 21, 2012, the three leading multinational corporations Evonik Industries, MAHLE and Cofisa (Sibelco) joined existing investors including ABB, Clariant, Sulzer and family offices. The fund invests in early and expansion stage companies in the energy, water and materials sectors.
 
“For more than a decade we have been a trusted partner for corporate investors and we look forward to working closely with Evonik, MAHLE and Sibelco in the coming years,” commented Gina Domanig, Managing Partner at Emerald. “At the same time, Emerald portfolio companies leverage our relationships with these multinational players for quick technology adoption, joint development of products & services, and international market access. This advantage is a key success driver and ensures superior returns to our investors.”
 
“With our investment in Emerald Cleantech Fund III we have a strong partner with a proven track record and with immediate relevance to our own business activities” explained Dr. Bernhard Mohr, Head of Evonik Corporate Venturing. “Partnering with start-ups creates excellent opportunities for accelerating the development of new businesses and opening up future growth fields.”
 
Dr. Armin Messerer, Director Corporate Planning at MAHLE stated: "This investment represents an essential step in strengthening the technology and innovation driven business of MAHLE,” and Kai Engelhardt, Head of Venture Capital at the group added: “We trust in the pronounced Cleantech expertise of Emerald and are looking forward to collaborating with this excellent team."
 
“Open innovation is a key avenue for Cofisa, a wholly owned subsidiary of industrial mineral producer Sibelco, and given the Emerald competence and deal flow, this investment represents an important pillar to support our efforts in partnering with external start-ups,” concluded Sam Leese, Senior R&D Advisor at Sibelco.
 
Emerald Technology Ventures is a globally recognized investor in the areas of energy, water and materials. Founded in 2000, Emerald has been a venture capital pioneer in these industrial sectors and has invested in fifty companies to date. From offices in Zurich, Switzerland and Toronto, Canada, Emerald manages three venture capital funds and two venture capital portfolio mandates totalling over €340 million (USD 450 million). Fund investors include leading financial institutions, family offices and multinational corporations.

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