40 North Ventures Acquires Investments in Eleven Companies from GE Ventures

venture capital

40 North Ventures, a San Francisco, CA-based early-to-growth stage venture capital firm focused on technology investments in the industrial sector, acquired investments in eleven companies from GE Ventures’ portfolio.

The new portfolio companies are leaders in advanced manufacturing and engineering (Carbon, Desktop Metal, Aras), vehicle electrification and distributed energy (Proterra, Volta, Enbala), workforce productivity applications (Catalant, Upskill), key enabling component technologies (Menlo Micro) and broad applications for industrial enterprises like AI/ML powered data solutions (Nexar, Tamr).

These eleven new portfolio companies are aligned with 40 North Ventures’ focus on technology and business model innovation, adding to its portfolio of high-performance companies building the industrial future.

Founded by Standard Industries Co-CEOs David Millstone and David Winter, and led by Co-Managing Directors Marc van den Berg and Marianne Wu, 40 North Ventures provides early-stage and growth capital to companies that make business more data-driven, agile, consumer-centric and environmentally sustainable. The firm targets a spectrum of established industries, from manufacturing, logistics and mobility to energy, infrastructure, and construction.

As part of 40 North, a related investment platform of Standard Industries, 40 North Ventures provides its portfolio companies with the capital, network, and commercial opportunities needed to succeed. Through Standard, 40 North Ventures has access to leading global operators and various pools of capital to help portfolio companies accelerate growth and expand their impact to achieve long-term success. 40 North is a multi-billion dollar investment platform which takes concentrated, long-term positions across a range of sectors and leverages deep industrial knowledge to create value for all stakeholders. 40 North is the related investment platform of Standard Industries, a privately-held global industrials company with more than 15,000 employees and over 180 manufacturing facilities spread across 80 countries.



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