GE Ventures

Last updated
GE Ventures
Industry Venture capital
Founded2013;11 years ago (2013)
Defunct2020 (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 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]

Contents

The firm lists 75 companies in its portfolio, [lower-alpha 1] including Clearpath Robotics, [5] HourlyNerd, [6] Mocana, [lower-alpha 2] Nanosonics, [lower-alpha 3] Enbala, [lower-alpha 4] 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

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References

  1. Riddell, Lindsay (24 May 2013). "GE Ventures launches in Silicon Valley". San Francisco Business Journal.
  2. Kolodny, Laura (5 May 2015). "GE Ventures' Sue Siegel: Accelerators Reduce Risk for Early-Stage Investors". Wall Street Journal.
  3. "GE's Chief Innovation Officer Is Ready to Try Something New". Fox Business. 2018-02-27. Retrieved 2018-03-15.
  4. Tremain, William (30 January 2013). "The Daily Startup: GE Consolidates Venture Investment Groups". Wall Street Journal.
  5. Intelligence, B. I. "GE and Caterpillar have invested in an autonomous robot startup". Business Insider Deutschland (in German). Retrieved 2019-02-27.
  6. 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.
  7. Constantine, Josh (19 November 2014). "Airware's Drone Operating System Gets Strategic Investment, Tech, Clients From GE Ventures". TechCrunch.
  8. Gagliordi, Natalie (5 March 2015). "GE Ventures backs data-driven digital health company Evidation Health". ZDNet. Retrieved 28 January 2018.
  9. "Tech firm backed by GE Ventures leasing space at SUNY Poly in Albany". bizjournals.com. Retrieved 2018-03-15.
  10. "GE ventures". 2020-06-01. Archived from the original on 2020-06-01. Retrieved 2024-09-28.

Notes