Momenta, an Engelberg, OW, Switzerland-based Digital Industry venture capital + value creation firm, in cooperation with the EU Commission, launched the Industry 5.0 Fund, a target $100m venture capital fund.
The fund will expand on Momenta’s 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).
Founded in 2012 and led by founding partner Ken Forster and Managing Partner Michael Dolbec, 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. So far, its portfolio companies have created $3.9B in market value, raising $1.8B in funding, employing over 5000 people, and securing 45 active patents.
FinSMEs
31/01/2023