GE Ventures

GE Ventures

Industry	Venture capital
Founded	2013; 11 years ago (2013)
Headquarters	Menlo Park, California
Key people	Sue Siegel (CEO)
Website	www.geventures.com

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

• List of venture capital firms

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.

Notes

1. "GE Ventures Portfolio". GE Ventures.
2. Lennon, Mike (12 December 2013). "Mocana Receives Strategic Investment from GE Ventures". Security Week.
3. "GE Extends Strategic Relationship With Australian-based Nanosonics to Expand Healthcare Innovation Globally". TMCNet. 24 June 2012.
4. St. John, Jeff (30 March 2015). "Enbala Raises $11M to Take Its Buildings-to-Grid Balancing Act to a Bigger Stage". Green Tech Media.

External links

• GE Ventures Website