ABB Technology Ventures

Category:

Corporate Venture

Description:

ABB Technology Ventures, or ATV, is the corporate venture capital (CVC) arm of the ABB Group, one of the world's largest engineering companies. ATV is focused on discovering tomorrow's energy solutions and to accelerate the growth of ABB's global power and automation businesses. ATV's investment team is comprised of ABB veterans as well as individuals with backgrounds in traditional venture capital investing. ATV is a legally independent investment entity and maintains a global presence with offices in Silicon Valley, Washington, D.C., and Zurich, Switzerland, where it is headquartered. As opposed to investing LP capital, however, ATV leverages ABB's balance sheet and historically investments have ranged from $1-$20 million. Most often ATV's investment is not the first institutional money. Ideal targets have solid intellectual property and product or service prototypes in place. ATV typically seeks out minority preferred equity ownership positions and often take board seats. The group's stated investment pace is 4-6 new companies per year with approximately half of those located in North America.

Location:

Switzerland

Zurich