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Venture capital subsidiary of General Electric
GE Ventures (founded in 2013) is the
venture capital subsidiary of
General Electric .
[1] Headquartered in
Menlo Park, California the firm also has offices in
Boston ,
Chicago ,
Houston ,
Shanghai , and
Tel Aviv . As of 2015, the
CEO is Sue Siegel,
[2] and on October 23, 2017, she was also named
chief innovation officer .
[3] GE Ventures plans to invest up to $150 million annually in
startups (or corporate collaborations) in the
healthcare ,
energy ,
software , and advanced
manufacturing sectors.
[4]
The firm lists 75 companies in its portfolio,
[a] including
Clearpath Robotics ,
[5]
HourlyNerd ,
[6]
Mocana ,
[b]
Nanosonics ,
[c] Enbala,
[d] and
Airware .
[7] In March 2015, GE Ventures led a Series A investment in Evidation Health, a healthcare technology company formerly known as The Activity Exchange that is involved in
data analytics .
[8] In December 2016, GE Ventures launched Menlo Microsystems, Inc., a spinoff from GE's Global Research Center, which creates "digital micro switches" used in mobile communication networks.
[9]
See also
References
^ Riddell, Lindsay (24 May 2013).
"GE Ventures launches in Silicon Valley" . San Francisco Business Journal .
^ Kolodny, Laura (5 May 2015).
"GE Ventures' Sue Siegel: Accelerators Reduce Risk for Early-Stage Investors" . Wall Street Journal .
^
"GE's Chief Innovation Officer Is Ready to Try Something New" . Fox Business . 2018-02-27. Retrieved 2018-03-15 .
^ Tremain, William (30 January 2013).
"The Daily Startup: GE Consolidates Venture Investment Groups" . Wall Street Journal .
^ Intelligence, B. I.
"GE and Caterpillar have invested in an autonomous robot startup" . Business Insider Deutschland (in German). Retrieved 2019-02-27 .
^ Keohane, Dennis (4 February 2015).
"HourlyNerd gets $7.8 million in new funding from powerhouse group of investors" . Beta Boston . ...
Highland Capital Partners led the Series B round, and was joined by GE Ventures,
Greylock Partners , Intuit founder
Scott Cook , the
Kraft Group , and others.
^ Constantine, Josh (19 November 2014).
"Airware's Drone Operating System Gets Strategic Investment, Tech, Clients From GE Ventures" . TechCrunch .
^ Gagliordi, Natalie (5 March 2015).
"GE Ventures backs data-driven digital health company Evidation Health" . ZDNet . Retrieved 28 January 2018 .
^
"Tech firm backed by GE Ventures leasing space at SUNY Poly in Albany" . bizjournals.com . Retrieved 2018-03-15 .
Notes
External links
Successor companies* Former subsidiaries and divisions
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