Investor Type | Firm |
Type of Fund | Corporate VC |
Industries | Software (Web Marketplace Saas..) • IT (& TMT) • Hardware (& Manufacturing) • Material Science |
Stages | Seed, Startup, Early Stage |
Investing | United States |
Assets Under Management | $100,000,000 |
Honeywell Ventures operates as a corporate venture capital (CVC) arm of Honeywell, a multinational conglomerate with a wide array of business interests. With an equity focus, the fund specializes in seed, startup, and early-stage investments, managing assets to the tune of $100 million. Honeywell Ventures targets innovation across several key areas, seeking to partner with companies that complement and enhance Honeywell’s core businesses and technology roadmaps. The domains of interest largely center around software, encompassing web, marketplace, SaaS offerings, and IT & TMT (technology, media, and telecom), extending to hardware, manufacturing, and material science. The fund identifies groundbreaking technologies across various stages of growth, emphasizing those that synchronize with Honeywell's strategic business groups, including Aerospace Technologies, Industrial Automation, Building Automation, and Energy and Sustainability Solutions. Honeywell Ventures offers a wide array of resources to its portfolio companies to accelerate their growth and innovation, including access to markets, customer networks, joint marketing efforts, technology collaboration, and support with government relations and fundraising. The firm also strategically invests in venture funds that align with Honeywell’s focus areas, enhancing its reach to the latest technologies and newest market trends. Through investing in advanced technology sectors such as autonomy, electrification, warehouse robotics, hydrogen and sustainable fuels, advanced materials, and energy efficiency solutions, Honeywell Ventures supports and propels the overall Honeywell mission of fostering technological advancements that fit into their expansive - and evolving - portfolio of products and services.