Momenta launches $100M Industry 5.0 Venture Capital Fund
Momenta Launches $100M Industry 5.0 Fund
The launch of the Industry 5.0 fund, Momenta’s fifth venture capital fund since 2012, expands our focus from digital technologies that drive industry productivity to those that drive impact on society and the environment.
BRUSSELS; ZURICH; and SAN FRANCISCO (PRWEB) January 31, 2023
Momenta, the leading Digital Industry venture capital + value creation firm, in collaboration with the EU Commission, today announced the Industry 5.0 Fund, a target $100 million venture capital fund.
The fund will expand on Momenta’s enduring Digital Industry thesis, supporting entrepreneurs forging new paths towards more human-centred, resilient and sustainable business operations, as outlined in the EU Commission’s Industry 5.0 initiative.
Aimed at early-stage innovators driving the digital transformation of energy, manufacturing, smart spaces and supply chains, the Industry 5.0 Fund will deliver venture capital investment and direct value creation to entrepreneurs headquartered across the EU, EFTA, UK, US and Canada. Momenta will continue to provide its strategic network, value creation expertise and experience gained through more than three decades of investments in fast-growing digital industry companies, including industrial data platforms ThingWorx (acquired by PTC) and PLAT.ONE (acquired by SAP) and predictive maintenance platform Senseye ( purchased by Siemens).
“The launch of the Industry 5.0 fund, our fifth venture capital fund since 2012, expands our focus from digital technologies that drive industry productivity to those that drive impact on society and the environment,” said Momenta’s founding partner Ken Forster. “We will continue to work with technology companies that move the industry forward, driving economic growth balanced by greater people-centricity and reduced environmental impact.”
“This new fund puts us in a stronger position to advance the key challenge facing relocation initiatives in the US and EU, while continuing to create value for our investors,” said Momenta Managing Partner Michael Dolbec. “Given the intense interest in reclaiming manufacturing expertise, this is an ideal time to redouble Momenta’s commitment to this field.”
Founded in 2012, Momenta has made more than 100 investments across four funds dedicated to the digitization of energy, manufacturing, smart spaces and supply chain. Portfolio companies include manufacturing optimization platforms Litmus, Raven and SmartEx; industrial digital infrastructure solutions Edge Impulse, Expeto and Xage; and autonomous mobility enables Agtonomy, EquipmentShare and Fixposition. By the end of 2022, Momenta’s portfolio companies have created $3.9 billion in market value, raised $1.8 billion in funding, employed more than 5,000 people and obtained 45 active patents.
Momenta actively invests from its funds. Learn more at http://www.momenta.one or contact the team at [email protected]
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