Emerald Technology Ventures

About: Emerald Technology Ventures is a global leader in cleantech venture capital. Founded in 2000, Emerald is a pioneer in this rapidly emerging sector and is focused on innovative technologies in energy, advanced materials and water. From offices in Zurich, Switzerland and Montreal, Canada, Emerald manages three venture capital funds and two venture capital portfolio mandates totaling over EUR 300 million (USD 440 million). Emerald manages one of the largest clean technology venture portfolios across Europe and North America and is proud to have backed companies like Evergreen Solar (Nasdaq: ESLR), Pemeas (acquired by BASF), RuggedCom (TSX:RCM) and Schmack Biogas (Frankfurt Stock Exchange: SB1). As its portfolio has matured, Emerald has assisted a number of companies to IPO on various global stock markets such as NASDAQ, Toronto Stock Exchange (TSX), Frankfurt Stock Exchange and the London AIM.


Key Personnel:
Gina Domanig, Managing Partner
Luc Charron, Partner
Scott MacDonald, Partner
Markus Moor, Partner

Advanced BioNutrition Corporation (ABN), Agion, AgraQuest, Angstrom Power, AquaSpy, ARXX, Catalytic Solutions, CTP Hydrogen, EWT (Emergya Wind Technologies), EnOcean, fluXXion, Identec Solutions, inge watertechnologies, Iomai (acquired by Intercell in May 2008), NxtPhase (acquired by AREVA in Jan 2009), O-Flexx, Oceanlinx, ORMECON (acquired by Enthone in Sep 2008), Pelamis Wave Power, PolyFuel, Pressure Pipe Inspection Company (PPIC), River Basin Energy, RuggedCom, Schmack Biogas, SDCmaterials, Senscient, SmartSynch, SoftSwitching Technologies, Solicore, SynapSense, Vaperma, Xunlight Corporation.

News: From Gina Domanig’s profile, “she is the Managing Partner of Emerald Technology Ventures, formerly SAM Private Equity which was spun out of SAM Sustainable Asset Management in 2007. Upon joining SAM in 2000, she founded the private equity business and established SAM Private Equity as the largest European cleantech venture capital fund and the only such fund with a transatlantic strategy.” This probably explains why Sustainable Asset Management was in the top 10 cleantech VC deals in 2006 but now Emerald Technology Ventures is in the top 10 in 2008 instead after Emerald was spun out of SAM. According to this report, “effective 31 December 2006, Robeco, a Rotterdam, Netherlands-headquartered asset management firm will become the majority shareholder in Zurich, Switzerland-headquartered asset management firm SAM Group and, as part of this transaction, the SAM Private Equity team will buy out the entire private equity business to create Emerald Technology Ventures. The team of 16 professionals in Europe and North America will all transfer to Emerald and continue to manage 26 active portfolio companies from three funds and two mandates. With the closing of SAM Private Equity II, the team will have total funds under management in excess of €250m. SAM Private Equity II will be renamed Emerald Technology Ventures II.”

In July 2009, “Greifenberg, Germany-based inge watertechnologies said it secured €5 million ($7 million) in funding. The round was led by new investor Munich-based BayTech Venture Capital, and included existing investors Taprogge Watertech, Emerald Cleantech Fund I, Sustainable Performance Group, Siemens Venture Capital, StoneFund, and Entrepreneurs Fund. Inge watertechnologies specializes in ultrafiltration membranes used in water treatment processes.” I was wondering if “Emerald Cleantech Fund I” belongs to Emerald Technology Ventures as the firm has inge watertechnologies under its portfolio. From the search, I found this website of Swiss Private Equity & Corporate Finance Association listing down Emerald’s funds, i.e. Emerald Cleantech Fund I LP, Emerald Energy Fund I LP and Emerald Cleantech Fund II LP.

In May 2009, SDCmaterials, Inc., a Tempe, Arizona-based catalyst and additives producer, announced the closing of a USD 14 million Series B Financing. The round was lead by Invus Financial Advisors with participation from existing investors Emerald Technology Ventures, BASF Venture Capital, and other private individuals. “We are pleased with our ability to attract a significant new investor, Invus, while maintaining support from our Series A lead investor, Emerald Technology Ventures, during this period of global economic difficulties,” said Maximilian Biberger, CEO of SDCmaterials.

In October 2008, Oceanlinx, a leading renewable energy company, based in Australia, with a unique and commercially efficient system for extracting energy from ocean waves, announced it has closed an additional funding round of AUD 16 million from an investor syndicate comprising the New Energy Fund, Espírito Santo Ventures and Emerald Technology Ventures. Both New Energy Fund and Espirito Santo Ventures are Portuguese and further research shows that New Energy Fund is from Fomentinvest, not to be confused with the New York-based New Energy Fund.