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 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]
The company was dissolved in 2020.[10]
...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.
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