Announced
Financials
Tags
Electronic Components and Equipment
vehicle electrification
workforce productivity
augmented reality
cloud data
Software
United States
Israel
Production Technology Equipment
3d printing
Pending
product development software
Renewable Energy Equipment
mems devices
dash cams
Private
Single Bidder
electric energy
Acquisition
Automobiles
Friendly
Minority
Private Equity
Synopsis
40 North Ventures, an early-to-growth stage venture capital fund focused on technology investments in the industrial sector, is set to invest in eleven companies of GE Ventures, a venture capital subsidiary of General Electric. Companies are specialized in manufacturing and engineering (Carbon, Desktop Metal, Aras), vehicle electrification and distributed energy (Proterra, Volta, Enbala), workforce productivity applications (Catalant, Upskill), key enabling component technologies (Menlo Micro) and broad applications for industrial enterprises like AI/ML-powered data solutions (Nexar, Tamr). Financial terms were not disclosed. “Each of these companies has been doing important work to advance the industrial sector and 40 North Ventures has the network and deep industry experience to accelerate their growth. I’m looking forward to reuniting with these transformative companies, given the time I spent working with them at GE Ventures," Marianne Wu, 40 North Ventures Co-Managing Director.
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