Btomorrow Ventures (BTV), in partnership with BAT’s Open Innovation team, has completed a new fund investment into Emerald Technology Ventures, a leading global venture capital firm based in Switzerland and focused on sustainable industrial innovation.
The investment provides BTV with access to Emerald’s global innovation ecosystem, helping identify emerging technologies and breakthrough companies working to address some of the world’s most pressing industrial and environmental challenges.
Why this investment matters
The partnership supports BAT’s broader transformation agenda by providing enhanced visibility into new technologies, sustainability solutions and innovation opportunities across multiple sectors.
Beyond financial returns, BAT’s Open Innovation team will partner closely with Emerald and benefit from strategic insights, pilot and commercial collaboration opportunities, and exposure to disruptive business models that can accelerate BAT’s innovation, support sustainability goals, and strengthen long-term competitive advantage in rapidly evolving markets.
“Emerald has built a leading platform at the intersection of venture capital and industrial innovation. Emerald’s global network, deep expertise and strong corporate partnerships make them an ideal partner for BTV. We are particularly excited by the strategic access this provides to cutting-edge technologies and the opportunity to work together to accelerate innovation aligned with BAT’s transformation priorities.”
Lukasz Garbowski, Chief Investment Officer at BTV
“As R&D Open Innovation, our ambition is to connect BAT's New Categories R&D teams with the most transformative technologies and innovators shaping the future. Through our partnership with Emerald, we are strengthening our ability to connect with world-class entrepreneurs, start-ups, and emerging technologies across a broad industrial landscape. By combining Emerald's global innovation ecosystem with BAT's priorities, we can accelerate collaboration, unlock breakthrough innovation, and create long-term value for our business.”
Secil Aycan, Head of New Categories Open Innovation at BAT
Who are Emerald Technology Ventures?
Founded in 2000 and head quartered in Zurich, Emerald is a globally recognised venture capital firm focused on sustainable industrial innovation. Emerald invests in early and growth-stage companies addressing some of the most pressing global challenges across energy, water, materials &packaging, food & agriculture, water & wastewater, automation &industrial IT, and mobility & urbanisation.
Emerald brings together a unique ecosystem of over 50leading corporations, institutional investors, and governments, combining venture capital with open innovation to accelerate the transition towards a more sustainable future. Through its platform, Emerald connects high-potentialstart-ups with global corporations.
“We are delighted to welcome Btomorrow Ventures into Emerald’s ecosystem. Theirambition to explore next-generation materials, packaging and sustainability solutions is highly aligned with our work in industrial innovation, and we look forward to connecting them with breakthrough companies that can help shape more resilient, circular and future-ready value chains.”
Frederic Petit, Partner at Emerald
BTV looks forward to joining Emerald on the next phase of its journey and to working closely together to unlock new opportunities across its portfolio.
Follow Btomorrow Ventures and Emerald Technology Ventures on LinkedIn for more information.
