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Media Release
Zurich-Toronto, August 16, 2016
Emerald Welcomes Waste Management to Innovative New Venture Fund
Emerald Technology Ventures is pleased to announce a commitment from WM Organic Growth,
Inc., a subsidiary of Waste Management, Inc., to its fourth venture fund, Emerald Industrial
Innovation Fund LP (EIIF). Waste Management represents the third new commitment in three
months, with additional parties in advanced due diligence. EIIF operates in parallel with Emerald
Cleantech Fund III, and Waste Management joins an existing investor base comprising ABB,
Caterpillar, Clariant, Doosan, Ecolab, Evonik, JSR, MAHLE, Michelin, Sibelco, SK Group,
Sulzer, Suncor Energy and family offices. The new fund places the needs of investors at the
forefront, combining the benefits of a traditional venture capital fund with the flexibility of an
evergreen structure. EIIF invests in early and expansion stage companies in the areas of
energy, water, advanced materials and industrial IT.
“Corporate investor demand for a more suitable fund structure, facilitating stronger strategic
relationships, led to the recent launch of our new venture fund,” commented Gina Domanig,
Managing Partner at Emerald. “We look forward to working closely with our colleagues at Waste
Management to further their strategic activities via our open innovation platform. The
commitment from Waste Management strengthens our blue chip investor group, a group which
provides our portfolio companies with enhanced access to global partners and markets.”
“Waste Management decided to join the Industrial Innovation Fund because of Emerald’s deep
understanding of, and experience with, technologies that have the potential to positively impact
Waste Management’s business opportunities,” concluded Dave Murphy, Vice President of
Corporate Venturing and New Products at Waste Management.
About Waste Management
Waste Management, based in Houston, Texas, is the leading provider of comprehensive waste
management services in North America. Through its subsidiaries, the company provides
collection, transfer, recycling and resource recovery, and disposal services. It is also a leading
developer, operator and owner of landfill gas-to-energy facilities in the United States. The
company’s customers include residential, commercial, industrial, and municipal customers
throughout North America. To learn more information about Waste Management visit
www.wm.com or www.thinkgreen.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 57 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
For more information please contact:
Emerald Technology Ventures
Hans Dellenbach
Chief Financial Officer
Seefeldstrasse 215
8008 Zurich / Switzerland
[email protected]
Tel +41 44 269 61 23