Festool Group enters Emerald’s Industrial Innovation Fund to accelerate innovation and sustainability
Emerald Technology Ventures announced that Festool Group, manufacturer of professional power tools and systems, has joined Emerald’s Industrial Innovation Fund as a Limited Partner (LP). The partnership reflects Festool’s strategic commitment to innovation, sustainability, and long-term transformation in a rapidly evolving industrial landscape.
Festool’s decision to invest in Emerald’s fund is driven by its ambition to stay at the forefront of technological change – particularly around robotics, automation, AI, digitalization and sustainability. As the sustainable industrial transformation accelerates globally, the power tools sector is undergoing a shift, with cleaner, smarter, and more efficient systems reshaping the job site and the shopfloor alike.
Roman Stiehl, Manager Open Innovation of Festool Group said, ”Innovation and sustainability are at the heart of Festool Group. Partnering with Emerald gives us direct access to breakthrough technologies and startups that help us strengthen our core business and shape the future of our industry.”
Festool selected Emerald based on a strong alignment of values – premium quality, innovation, and sustainability – as well as Emerald’s 20+ year track record in industrial venture capital and open innovation. The partnership will enable Festool to access a global network of cutting-edge startups and scale the integration of external innovation into its core processes and products.
Mehran Zaker, Partner at Emerald Technology Ventures said, ”We are delighted to welcome Festool Group to the Industrial Innovation Fund. Festool exemplifies the type of forward-thinking industrial partner we aim to support – committed to both technological leadership and a more sustainable future.”
Through the fund, Festool gains curated exposure to emerging technologies, rapid startup engagement opportunities, and insights into critical innovation themes such as digitilization, low-emissions manufacturing, and intelligent battery systems.
