Siemens Venture Capital

About: Munich-based Siemens Venture Capital (SVC), the central venture capital organization within Siemens, invests in early-stage technology companies and established growth companies, focusing on the energy, industry and healthcare sectors. In this way, SVC identifies innovative solutions from which Siemens can profit and plays a key role in Siemens’ global innovation network. To date, the company has invested more than EUR 800m in over 150 companies and 40 venture capital funds. In addition, SVC advises the German Siemens pension funds on their private equity allocation. It is in this context that SVC has launched the venture capital fund of funds Siemens Global Innovation Partners I. Siemens Venture Capital is represented in Europe, Asia and the US and is part of Siemens Financial Services.

Key Personnel:
Dr Ralf Schnell, CEO
Thomas Kolbinger, Managing Director

Comment: There is no cleantech sector specified in the portfolio but its news mentioned green investments: “India’s Transparent Energy Systems is the twelfth company in the area of energy and environmental technologies in which SVC has invested. The acquisition of this stake boosts to above 30 percent the share of companies in SVC’s portfolio that are active in environmental technologies.”

Therefore, I made this selection of 12 companies that are possibly in SVC’s green portfolio based on their description (those in bold are definitely green): Beijing PowerU Technology, BPL Global, EnOcean GmbH, inge watertechnologies, ISE Corporation, Maxxtec AG, Powerit Solutions, Prenova, SmartSynch, Thermosensorik GmbH, Transparent Energy Systems, Zolo Technologies.

News: Siemens launched its first venture capital fund of funds in Feb 2009, Siemens Global Innovation Partners I GmbH & Co. KG (SGIP I) will invest in VC funds worldwide as well as select growth capital funds with the aim of generating outstanding returns for its investors. The fund has already secured nearly half of its target volume of USD 200 mn through its first closing with the participation of the German Siemens pension funds and two leading European insurers. Siemens Venture Capital GmbH (SVC), the central corporate venture capital organization of Siemens, is SGIP I’s General Partner.

About two-thirds of the fund will be invested in venture capital funds and select growth capital funds in North America. Venture capital investments and select growth capital investments in Europe, Israel and Asia will make up the rest. The target portfolio will include about 20 funds.

The portfolio in this fund is here:

* Allegis Capital
* Band of Angels
* Carmel Ventures
* Draper Atlantic
* Edison Venture Fund
* Galen Partners
* Glenmount International
* Lightspeed Venture Partners
* Masdar Clean Tech Fund
* MedVenture Associates
* Mission Ventures
* NGEN Partners
* Origin
* Paladin Capital Group
* Portview Communications Partners
* STAR Ventures (STAR)
* Techinvest (fka innotech)
* THLi
* TTP Ventures
* TVM Techno Venture Management
* Venture Strategy