40 North Ventures, an early-to-growth stage venture capital fund focused on technology investments in the industrial sector, has acquired investments in 11 companies from GE Ventures.
Although 40 North Ventures is not disclosing the value of this deal, the fund raised $200 million last year. This was in part utilized for the acquisition from GE Ventures, as well as four prior investments, according to a spokesperson.
The 11 new portfolio companies are aligned with 40 North Ventures’ focus on technology and business model innovation, adding to its growing portfolio of high-performance companies building the industrial future. [Read more…] about 40 North Ventures acquires 11 companies from GE Ventures
