Emerald Technology Ventures has launched a new fund focused on sustainable packaging that aims to catalyze leaps in advanced materials and industrials technology to benefit the planet and earn significant returns.
WHO: Emerald Technology Ventures is a globally recognized venture capital firm building a sustainable future at the crossroads of industry and technology. Founded in 2000, it is a pioneer in open innovation, providing multinational corporations with rich deal flow and insight in the sectors and markets of tomorrow. Emerald has managed and advised assets of over €1 billion from its offices in Zurich, Toronto, and Singapore. The firm is dedicated to tackling big challenges in climate change and sustainability via over 500 venture transactions and five third-party investment mandates, including loan guarantees to over 100 start-ups.
Henkel Tech Ventures is the corporate venture capital arm of Henkel Adhesive Technologies, established in 2016. Headquartered in Düsseldorf, it functions as a connector between external innovators and Henkel. Through networking, consulting, partnerships, and investments, the unit supports the growth of start-ups and at the same time enhances Henkel's new business development efforts.
Beiersdorf AG is a leading provider of innovative, high-quality skincare products and has over 135 years of experience in this market segment. Its product portfolio comprises strong, international leading skin and body care brands including Nivea, Eucerin, Hansaplast/Elastoplast, La Prairie, Labello, Aquaphor, Florena, 8×4, Hidrofugal, atrix, SLEK, and Maestro.
IN THEIR OWN WORDS: "The fund is a recognition that the packaging industry plays an increasingly proactive role in the shift toward a circular, low-carbon economy," said Emerald Managing Partner Gina Domanig. "As we reimagine the future of packaging, we're excited to join with giants of the global industrial landscape in a mission to supercharge the technologies that will make that transformation a success."
"Packaging is among our core businesses at Henkel and sustainability has been an integral part of our strategy for decades," explained Paolo Bavaj, Head of Corporate Venturing, Henkel Adhesive Technologies. "Over the course of our partnership with Emerald, we have become familiar with their skilled and diversified team of experts. We are convinced that they are a strong partner who can help us gain access to startups in a broad variety of fields, from material and technology innovation to recycling improvement. We see excellent overlap between Henkel's ambition to lead with sustainable solutions and Emerald's capabilities."
Michael Becker, Head of Global Packaging R&D at Beiersdorf, said, "As part of our corporate transformation towards sustainability, the packaging of our products plays a central role. As a partner of Emerald Technology Ventures, we aim to collaborate with dedicated start-ups to identify and implement new climate-friendly packaging technologies. This collaboration contributes to our global sustainable packaging ambition and overall sustainability agenda. We share the vision of a circular economy and will, together, move this vision towards reality."
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