SE Ventures’ €500 million Fund II focuses on climate and industrial technology
SE Ventures’ €500 million Fund II will begin deployment in January 2023 focusing on climate and industrial technology. Backed by Schneider Electric, this move builds on the 2018 Fund I to bring SE Ventures to €1 billion of committed capital, doubling down on SE Ventures’ track record of success as an accelerant for category-defining companies in climate-tech, industrial AI, mobility, prop- tech and cybersecurity.
“We live in a world that’s facing crises on three fundamental levels: energy, economy and climate,” said Nadège Petit, Chief Innovation Officer of Schneider Electric. “There’s never been a greater need for transformation, or a greater opportunity for positive impact – impact that we create by innovating in three fundamental ways: electrification, digitalization and decarbonization. Through this Fund II launch, we are reinforcing our commitment to a future where startups with bold solutions and companies with bold ambitions together have access to the resources, tools and partners they need to meet this moment and make an even better future.”
SE Ventures has created a track record of successfully accelerating category-defining companies through a strong and experienced team of investors and operators, who have a deep network of founders, VCs and industry experts. Structured like a typical venture fund, SE Ventures prioritizes agility in decision-making and commercial acceleration of its investments, while providing unparalleled access to Schneider Electric’s global ecosystem of customers and partners. Throughout Fund I, SE Ventures has proven the efficacy of this unique model, with investments in over 40 startups and seven venture funds alongside partnership engagement with over 200 startups.
Across its entire portfolio, the SE Ventures team takes an outcome-oriented approach to progress, working in stride with each company to explore commercial relationships with Schneider Electric’s businesses, customers and partners while generating near-term value. SE Ventures is currently expanding its global team. In addition to its VC platform, SE Ventures also has an incubation practice led by Gregoire Viasnoff to fund innovative ideas and teams.