SE Ventures unveils €500m Fund II for tech start-ups

CALIFORNIA: SE Ventures has announced a €500 million Fund II establishing the firm as one of the largest VCS focusing on climate and industrial technology. Backed by Schneider Electric, the global leader in the digitalization of industrial automation and energy management, this move builds upon a 2018 Fund I to bring SE Ventures to €1 billion of committed capital. Fund II will begin deployment in January 2023, 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, which is a continuation of our capital allocation strategy to the startup ecosystem, 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.”

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.