GE Ventures

{{Short description|Venture capital subsidiary of General Electric}}

__NOTOC__

{{Infobox company

| name = GE Ventures

| logo = GE Ventures Logo.png

| location = Menlo Park, California

| founded = {{start date and age|2013}}

| defunct = {{End date|2020}}

| key_people = Sue Siegel (CEO)

| industry = Venture capital

| homepage = [http://www.geventures.com www.geventures.com]

| footnotes =

}}

GE Ventures (founded in 2013) was the venture capital subsidiary of General Electric.{{cite news|last=Riddell|first=Lindsay|title=GE Ventures launches in Silicon Valley|url=http://www.bizjournals.com/sanfrancisco/print-edition/2013/05/24/ge-ventures-launches-in-silicon-valley.html|website=San Francisco Business Journal|date=24 May 2013}} 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,{{cite news|last=Kolodny|first=Laura|title=GE Ventures' Sue Siegel: Accelerators Reduce Risk for Early-Stage Investors|url=https://blogs.wsj.com/venturecapital/2014/05/05/ge-ventures-sue-siegel-accelerators-reduce-risk-for-early-stage-investors/|website=Wall Street Journal|date=5 May 2015}} and on October 23, 2017, she was also named chief innovation officer.{{Cite news|url=https://www.foxbusiness.com/features/ges-chief-innovation-officer-is-ready-to-try-something-new|title=GE's Chief Innovation Officer Is Ready to Try Something New|date=2018-02-27|work=Fox Business|access-date=2018-03-15|language=en-US}} GE Ventures plans to invest up to $150 million annually in startups (or corporate collaborations) in the healthcare, energy, software, and advanced manufacturing sectors.{{cite news|last=Tremain|first=William|title=The Daily Startup: GE Consolidates Venture Investment Groups|url=https://blogs.wsj.com/venturecapital/2013/01/30/the-daily-startup-ge-consolidates-venture-investment-groups/|website=Wall Street Journal|date=30 January 2013}}

The firm lists 75 companies in its portfolio,{{efn | name="GE Ventures" | {{cite news|title=GE Ventures Portfolio|url=https://www.geventures.com/portfolio#intro|website=GE Ventures}} }} including Clearpath Robotics,{{Cite web|url=https://www.businessinsider.de/ge-and-caterpillar-have-invested-in-an-autonomous-robot-startup-2016-10|title=GE and Caterpillar have invested in an autonomous robot startup|last=Intelligence|first=B. I.|website=Business Insider Deutschland|language=de|access-date=2019-02-27|archive-date=2017-10-18|archive-url=https://web.archive.org/web/20171018202247/http://www.businessinsider.de/ge-and-caterpillar-have-invested-in-an-autonomous-robot-startup-2016-10|url-status=dead}} HourlyNerd,{{cite news|last=Keohane|first=Dennis|title=HourlyNerd gets $7.8 million in new funding from powerhouse group of investors|url= http://www.betaboston.com/news/2015/02/04/hourly-nerd-gets-7-8-million-in-new-funding-from-investors/|website=Beta Boston|date=4 February 2015|quote=...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. }} Mocana,{{efn | name="Security Week" | {{cite news|last=Lennon|first=Mike|title=Mocana Receives Strategic Investment from GE Ventures|url=http://www.securityweek.com/mocana-receives-strategic-investment-ge-ventures|website=Security Week|date=12 December 2013}} }} Nanosonics,{{efn | name="TMCNet" | {{cite news|title=GE Extends Strategic Relationship With Australian-based Nanosonics to Expand Healthcare Innovation Globally|url=http://www.tmcnet.com/usubmit/2012/06/24/6392969.htm|website=TMCNet|date=24 June 2012}} }} Enbala,{{efn | name="Green Tech Media" | {{cite news|last=St. John|first=Jeff|title=Enbala Raises $11M to Take Its Buildings-to-Grid Balancing Act to a Bigger Stage|url=http://www.greentechmedia.com/articles/read/enbala-raises-11m-to-take-buildings-to-grid-balancing-act-to-a-bigger-stage/|website=Green Tech Media|date=30 March 2015}} }} and Airware.{{cite news|last=Constantine|first=Josh|title=Airware's Drone Operating System Gets Strategic Investment, Tech, Clients From GE Ventures|url=https://techcrunch.com/2014/11/19/airware-ge/|website=TechCrunch|date=19 November 2014}} 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.{{cite news|url=https://www.zdnet.com/article/ge-ventures-backs-data-driven-digital-health-company-evidation-health/|title=GE Ventures backs data-driven digital health company Evidation Health|last=Gagliordi|first=Natalie|date=5 March 2015|work=ZDNet|access-date=28 January 2018}} 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.{{Cite web|url=https://www.bizjournals.com/albany/news/2018/02/27/tech-firm-backed-by-ge-ventures-leasing-space-at.html|title=Tech firm backed by GE Ventures leasing space at SUNY Poly in Albany |website=bizjournals.com|access-date=2018-03-15}}

The company was dissolved in 2020.{{Cite web |date=2020-06-01 |title=GE ventures |url=https://www.ge.com/ventures/static/ |access-date=2024-09-28 |archive-url=https://web.archive.org/web/20200601214520/https://www.ge.com/ventures/static/ |archive-date=2020-06-01 }}

== See also ==

• List of venture capital firms