SE Ventures News
3 articles
growth-positive
'On the edge but close enough': Creating cultural conditions for CVC success
The article discusses the success factors for a corporate venture capital unit using Schneider Electrics SE Ventures as an example. SE Ventures, with €500m in funding, focuses on external innovation and partnerships to drive growth. The unit operates independently but collaborates with the core business, leveraging internal expertise to evaluate startups and technologies. SE Ventures has a diverse team structure, including insiders and outsiders, to bring a variety of perspectives. The article emphasizes the importance of attracting top talent through competitive compensation and independence. Corporate venture capital, when done right, can provide value-added support to portfolio companies at every stage of their development.
PartnersInvestment
growth-positive
Schneider Electric announces investment in SE Ventures global investment fund
Schneider Electric has announced an investment in SE Ventures, a Silicon Valley-based global investment fund. The fund is backed by Fortune 500 energy management and Schneider Electric. SE Ventures has added two senior partners, Grant Allen and Varun Jain, to its investment team. They will focus on investments in areas such as energy management, industrial automation, and e-mobility. Grant Allen joins from ABB, where he led global ventures, and Varun Jain joins from Qualcomm Ventures. SE Ventures has previously invested in companies like AutoGrid, Claroty, Element Analytics, and Sense. They anticipate investing in 10 or more new startups annually.
Investment
Growth-Positive
The details on Schneider Electric's new $200M venture fund - Stacey on IoT Internet of Things news and analysis
Schneider Electric, a major provider of energy equipment and software, has created a $200 million investment fund and a separate incubation effort. The fund, led by Heriberto Diarte, Schneider Electric’s head of open innovation and ventures, will invest in six areas: energy management, the transition to renewable energy, cybersecurity, automation software for both the home and factories, artificial intelligence, and industrial IoT. The company has already invested in Sense, a home energy consumption device maker, and Claroty, an industrial IoT security company. Diarte also oversees a $100 million fund of funds for investment in regions like China.
InvestmentExpand
