California-based SE Ventures, the premier early-stage Venture Fund from multinational company Schneider Electric, has raised €500 million in funding for its second fund. SE Ventures’ Fund II establishes the firm as one of the largest VCs focusing on climate and industrial technology.
Fund II to be deployed in 2023
Fund II builds upon the Fund I raised in 2018 and leaves SE Ventures with a total of €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, digitalisation and decarbonisation. 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.”
“Together, SE Ventures and Schneider Electric are building a better future, investing in big, disruptive ideas that accelerate the world’s sustainability agenda while driving better business outcomes,” said Amit Chaturvedy, Global Head and Managing Partner, SE Ventures. “We are excited to partner with Schneider Electric for Fund II, so that SE Ventures can continue to offer an unparalleled value proposition to the startup ecosystem, where deep understanding of the operating environment and the ability to accelerate businesses make us the ideal partner to startup founders around the world.”
Outcome-oriented approach
SE Venture follows a unique model, which is stage-agnostic. It focuses on category-defining companies, and serves as a commercial accelerant, offering access to Schneider Electric’s global ecosystem of business leaders, customers, and partners, which has led to the creation of a best-in-class venture portfolio with 40 direct investments and 7 funds.
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.
Led by Amit Chaturvedy, Global Head and Managing Partner, along with General Partners, Grant Allen, and Varun Jain, a senior team of seasoned professionals with collective investing experience of over 40 years across startups and corporate business development. It is supported by a growing team of investment professionals and globally based Operating Partners who are focused on portfolio business development.
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, it also has an incubation practice led by Gregoire Viasnoff to fund innovative ideas and teams.
