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General Information

Websiteabb.com
Phone41 43 317 71
Employees
DescriptionInvestment Firm

Funds

Offices

Palo Alto
530 Lytton Ave
Palo Alto, CA, 94301
USA
Washington, DC
1000 Connecticut Ave. NW
Suite 900
Washington, DC, 20036
USA
Headquarters
Affolternstrasse 44
Zurich, CH-8050, CHE

People

Managing Director
President
Senior Vice President
Head of Technology

Tags

ABB Technology Ventures

ABB Technology Ventures Ltd. is an investment firm specializing in direct and fund of funds investments. For direct investments, it seeks to make venture capital investments across all stages with a focus on early and growth stage investments. The firm seeks to invest in the renewables, smart grid, energy efficiency, energy technology, energy infrastructure, and emerging clean technology sectors. Within the renewable sector it focuses on solar photovoltaic, solar BoS inverter and power optimizer, tidal energy and co-development of PTO, wave energy, geothermal and co-development, solar CPV and HCPV, wind technologies, small wind/distributed generation sectors. Within the smart grid sector it invests in big data, micro grid and distributed generation, energy storage and utility scale, data center cooling including server and PCB cooling, cyber security and software, and smart city sectors. Within the energy efficiency sector it invests in compressed air systems and building EMS, predictive maintenance service and software, DC technologies, sensors and measuring advanced censors, home automation, waste heat recovery and advanced heat pumps, and lighting technologies and LED control sectors. It can also invest in other sectors such as discrete manufacturing, smart manufacturing connectivity and interface; high speed motion motors and components; power electronic, power quality, and inverter efficiency; sub-sea technology and oil/gas electric and oil separation; water treatment, desalination and purification; waste to energy, urban mining, power, heat, and recycling; and power to gas including energy storage and gas utilization. The firm primarily invests globally with a focus on North America. It typically invests between $1 million and $20 million. The firm targets to invest in 4 companies in a year excluding refinancing. The firm seeks minority preferred equity ownership positions and prefers to take board seats in its portfolio companies. It can also partner with other venture capitalists and/or strategic investors. ABB Technology Ventures was founded in 2009 and is based in Zurich, Switzerland with additional offices in Palo Alto, California and Washington, District of Columbia.

Recent Milestones

Investments

Company Date Round Size Participants
Persimmon Technologies 3/2014Series B$14M2
Grabit 10/2013Series A3
Scotrenewables Tidal Power 3/2013Private Equity$12M1
GreenVolts 12/2011Venture Round$35M2
Power Assure 9/2011Series B$13.5M4

Videos

Sources

  1. Persimmon Technologies Corporation Completes $14M Series B Funding with New Investors ABB Ventures and Berwind Private Equity (businesswire.com) [edit]
  2. Grabit Raises Series A Funding (finsmes.com) [edit]
  3. Scotrenewables Tidal Power Receives $12M Investment (finsmes.com) [edit]
  4. GreenVolts Receives $35M Financing (finsmes.com) [edit]
  5. Power Assure Closes $13.5M Series B Funding (finsmes.com) [edit]
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Last Edited 4/7/14

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