40 North Ventures to invest in eleven companies.

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.