GE Ventures
 | |
| Industry | Venture capital |
|---|---|
| Founded | 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.[a] 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,[b] including HourlyNerd,[5] Mocana,[c] Nanosonics,[d] Enbala,[e] and Airware.[6] 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.[7] 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. [8]
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.
- ^ 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.
{{cite news}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "https://www.bizjournals.com/albany/news/2018/02/27/tech-firm-backed-by-ge-ventures-leasing-space-at.html". www.bizjournals.com. Retrieved 2018-03-15.
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Notes
- ^ "GE Ventures". Crunchbase. January 2013.
- ^ "GE Ventures Portfolio". GE Ventures.
- ^ Lennon, Mike (12 December 2013). "Mocana Receives Strategic Investment from GE Ventures". Security Week.
- ^ "GE Extends Strategic Relationship With Australian-based Nanosonics to Expand Healthcare Innovation Globally". TMCNet. 24 June 2012.
- ^ St. John, Jeff (30 March 2015). "Enbala Raises $11M to Take Its Buildings-to-Grid Balancing Act to a Bigger Stage". Green Tech Media.
