GE Ventures
 | |
| Industry | Venture capital |
|---|---|
| Founded | 2013 |
| Defunct | 2020 |
| Headquarters | Menlo Park, California |
Key people | Sue Siegel (CEO) |
| Website | www.geventures.com |
GE Ventures (founded in 2013) was the venture capital subsidiary of General Electric.[1] Headquartered in Menlo Park, California, the firm also had offices in Boston, Chicago, Houston, Shanghai, and Tel Aviv. As of 2015, the CEO was Sue Siegel,[2] and on October 23, 2017, she was also named chief innovation officer.[3] GE Ventures planned to invest up to $150 million annually in startups (or corporate collaborations) in the healthcare, energy, software, and advanced manufacturing sectors.[4]
The firm had 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]
The company was dissolved in 2020.[10]
See also
[edit]References
[edit]- ↑ Riddell, Lindsay (May 24, 2013). "GE Ventures launches in Silicon Valley". San Francisco Business Journal.
- ↑ Kolodny, Laura (May 5, 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. February 27, 2018. Retrieved March 15, 2018.
- ↑ Tremain, William (January 30, 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). Archived from the original on October 18, 2017. Retrieved February 27, 2019.
- ↑ Keohane, Dennis (February 4, 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 (November 19, 2014). "Airware's Drone Operating System Gets Strategic Investment, Tech, Clients From GE Ventures". TechCrunch.
- ↑ Gagliordi, Natalie (March 5, 2015). "GE Ventures backs data-driven digital health company Evidation Health". ZDNet. Retrieved January 28, 2018.
- ↑ "Tech firm backed by GE Ventures leasing space at SUNY Poly in Albany". bizjournals.com. Retrieved March 15, 2018.
- ↑ "GE ventures". June 1, 2020. Archived from the original on June 1, 2020. Retrieved September 28, 2024.
Notes
[edit]- ↑ "GE Ventures Portfolio". GE Ventures.
- ↑ Lennon, Mike (December 12, 2013). "Mocana Receives Strategic Investment from GE Ventures". Security Week.
- ↑ "GE Extends Strategic Relationship With Australian-based Nanosonics to Expand Healthcare Innovation Globally". TMCNet. June 24, 2012.
- ↑ St. John, Jeff (March 30, 2015). "Enbala Raises $11M to Take Its Buildings-to-Grid Balancing Act to a Bigger Stage". Green Tech Media.
