SE Ventures Celebrates its Fifth Anniversary and Advances Innovation in Climate and Industrial Technology
- Since its creation, SE Ventures has invested 500 million euros in more than 40 companies, including 6 unicorns
SILICON VALLEY, California, November 9, 2022 /PRNewswire/ — SE Ventures, a leading venture capital fund, celebrates its fifth anniversary this year. Since its inception, SE Ventures has committed nearly €500 million to start-ups with a focus on digitalization, electrification and sustainability. Across its 40 direct investments and 7 funds, SE Ventures has created a blue-chip venture capital portfolio that also included early bets on unicorns like industrial cyber-physical systems protection startup Claroty and cyber-physical systems protection company Claroty. machine learning based on IoT and AI, Augury.
“At Schneider Electric, we believe that a more electric and digital world is key to tackling the climate crisis – and that innovation is how we move from achieving to realizing a net zero world,” said Nadège Petit, Chief Innovation Officer of Schneider Electric. “We created SE Ventures to be that engine of innovation, driving technology breakthroughs and creating value for businesses and customers, and bringing to market new solutions, services and businesses that will accelerate and enable a more sustainable future. We are so proud of SE Ventures’ success these first five years – and yet, in many ways, this is just the beginning. Our commitment to innovation is stronger than ever.
Schneider-Electric launched SE Ventures in 2017 as a new venture capital platform, with a broad mandate to invest in emerging areas – such as climate technologies, robotics, AI, supply chain resilience and cybersecurity – and disruptive startups reshaping the future of sustainability and energy efficiency. As a modern and agile venture capital fund, SE Ventures operates with autonomy in investment decision-making, while creating business acceleration opportunities for its portfolio through unparalleled access to the CEO ecosystem. company, customers and partners of Schneider Electric. Recent investments include AiDash, Claroty, Enable and WattBuy.
“The SE Ventures team has been integral to WattBuy’s success, going above and beyond to be true think-and-do partners,” said Naman Trivedi, CEO of WattBuy. “Not only have they provided us with countless introductions to the Schneider family of companies as potential customers, but their status as the most active and respected climate technology investor in the world has brought in other incredible investors. to the table. Without a doubt, our work with SE Ventures has dramatically improved the success, strategy and trajectory of WattBuy.”
“SE Ventures is a forward-looking platform that redefines how enterprise-backed venture capital funds should be operationalized for lasting market impact,” said Yaniv Vardi, CEO of Claroty. “We envision a future where the cyber and physical worlds securely connect to secure our lives, and having the support of SE Ventures and being part of the Schneider Electric ecosystem has enabled Claroty to make this vision a reality. We are proud to be part of this dynamic team, and excited for what lies ahead.”
SE Ventures continues to strengthen its management team
SE Ventures has created a track record of successfully investing in and accelerating category-defining businesses through a strong and experienced team of investors and operators, who have a deep network of founders, of VCs and industry experts. SE Ventures is led by Amit Chaturvedy, Global Head and Managing Partner, along with General Partners, Grant Allen and Varun Jain – a senior team of seasoned professionals with a collective investment experience of over 40 years in startups and business development – and supported by its operational partners based around the world.
Across its portfolio, the SE Ventures team takes a metrics-driven progress approach, working closely with each company to explore business relationships with Schneider Electric businesses, customers and partners while generating short-term value. SE Ventures is currently looking to expand its team of investment partners and operating partners. In addition to its venture capital platform, SE Ventures also has an incubation practice led by Grégoire Viasnoff to fund innovative ideas and teams.
“At SE Ventures, we believe innovation is key to unlocking solutions to the world’s most pressing challenges, and there’s never been a more important time for innovation to take root than now,” said Chaturvedy. “Global energy demand is at a tipping point, climate change is visible all around us, infrastructure is outdated, and businesses and customers are demanding greater stability and resilience. Look no further than our portfolio to see how SE Ventures is tackling these unprecedented times and setting a high standard for engaging with the startup ecosystem.”
About Schneider Electric
Schneider’s goal is to empower everyone to make the most of our energy and resources, combining progress and sustainability for all. We call it Life Is On.
Our mission is to be your digital partner for sustainability and efficiency.
We drive digital transformation by integrating cutting-edge process and energy technologies, endpoint-to-cloud connection products, controls, software and services throughout the lifecycle, enabling integrated management of enterprise, for homes, buildings, data centers, infrastructure and industries.
We are the most local of the global companies. We are advocates of open standards and partnership ecosystems who are passionate about our shared values of Meaningful Purpose, Inclusion and Empowerment.
About SE Ventures
SE Ventures is a global venture capital fund backed by Schneider Electric. SE Ventures supports big ideas and bold entrepreneurs who can benefit from Schneider’s deep domain expertise and global reach. SE Ventures has acted as a strategic business accelerator for category-defining companies such as Augury, Claroty, Aquant, AutoGrid, Poka, Scandit, Volta and other startups spanning energy, mobility, prop-tech, cybersecurity and industrial automation.
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