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Schneider Electric-Backed Venture Firm to Launch USD 520 Million Fund

By ET Bureau - November 25, 2022 1 Mins Read

SE Ventures, a venture-investing firm backed by French energy and automation giant Schneider Electric SE, has announced that it is set to launch a new roughly USD 520 million, investment fund.

The new fund will target startups building digital tools in areas like climate technology, predictive maintenance and the internet-of-things. The five-year-old investment company claimed that when its 2018 first fund was added; it would have more than USD 1 billion in committed capital. In January, the first payments will be made from the new fund.

Also Read: Top 5 Justifications for Creating a Digital Workplace

With its second fund, the Menlo Park, California-based company hopes to intensify its focus on fostering innovative tech startups, some of which could eventually aid Schneider Electric as a business partner or an acquisition.

Read More: Schneider Electric-Backed Venture Firm to Launch $520 Million Fund

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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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