Global venture capital fund SE Ventures, backed by French energy management company Schneider Electric, has announced a €500-million (around $500 million) Fund II on Monday, establishing it as one of the largest VCs focusing on climate and industrial technology.
Following a 2018 Fund I to bring SE Ventures to €1 billion of committed capital, Fund II will begin deployment in January 2023.
SE Ventures is known for investing in companies involved with climate-tech, industrial AI, mobility, prop-tech, and cybersecurity with investments in over 40 startups and seven venture funds alongside partnership engagement with over 200 startups.
“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.” said Amit Chaturvedy, Global Head and Managing Partner, SE Ventures.