Schneider-backed SE Ventures launches 鈧�500-mn Fund-II

28 Nov 2022 CW Team

SE Ventures, a global venture capital fund backed by Schneider Electric, has announced its 鈧�500-million Fund-II to help climate and industrial technology start-ups. This builds upon a 2018 Fund-I to bring SE Ventures to 鈧�1 billion of committed capital.

鈥淪E Ventures grows to one-billion euro, establishing itself as one of the largest venture capital platforms focused on electrification, digitisation and decarbonisation, building on a highly successful Fund-I track record,鈥� a press release said. It added that Fund-II will begin deployment in January 2023.

鈥淭hrough this Fund-II launch, we are reinforcing our commitment to a future where start-ups with bold solutions and companies with bold ambitions together have access to the resources, tools, and partners that they need,鈥� said Nad猫ge Petit, chief innovation officer of Schneider Electric.

Fund-I saw investments in over 40 start-ups and seven venture funds alongside partnership engagement with over 200 start-ups, the release added.

SE Ventures; Schneider Electric; Fund-II; start-ups

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