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Momenta launches $100M Industry 5.0 Venture Capital Fund
BRUSSELS; ZURICH; and SAN FRANCISCO, January 31, 2023-- Momenta, the leading Digital Industry venture capital + value creating firm 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 who are advancing new paths to more human-centric, resilient, and sustainable industry operations, as outlined in EU Commission's Industry 5.0 initiative.
Aimed at early growth 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 over three decades of investing in rapidly growing digital industry companies, including industrial data platforms ThingWorx (acquired by PTC) and PLAT.ONE (acquired by SAP) and predictive maintenance platform Senseye (acquired 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 societal and environmental impact.,” said Momenta founding partner Ken Forster. “We will continue to partner with technology companies that advance industry forward, driving economic growth balanced by greater human-centricity and reduced environmental impact.”
“This new fund places us in a stronger position to advance the key challenge facing reshoring 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 regaining manufacturing expertise, it’s an ideal time to be doubling down on Momenta’s commitment to this field.”
Founded in 2012, Momenta has made over 100 investments across four funds devoted to the digitalization 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 enablers Agtonomy, EquipmentShare, and Fixposition. Thru the end of 2022, Momenta's portfolio companies have created $3.9B in market value, raising $1.8B in funding, employing over 5000 people, and securing 45 active patents.
Momenta is actively investing out of its funds. Learn more at http://www.momenta.one or contact the team at info@momenta.one.