Download Kasbosch? Bosch has a new $295 million venture capital fund

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Bosch’s venture arm just announced its fifth fund, saying it is looking for startups with “the potential to improve the quality of life and conserve natural resources.”

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A new $295 million (€250 million) investment vehicle raises the stakes compared to Bosch VKprevious fund about $53 million, but the German firm’s global focus on deep tech remains the same. For Bosch VC, this nebulous category includes everything from autonomous vehicles to IoT platforms.

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Climate technology is also on the firm’s radar, including solar energy, carbon capture and alternative fuels, managing director Ingo Ramsol said in an interview with TechCrunch. Typically, Bosch VC supports start-ups in the Series A or B stage with an investment of up to $27 million each (€25 million).

Compared to its German parent company, a 135-year-old conglomerate, Bosch VC is managed by a relatively small team of 22 investment managers. That number will grow, Ramsol said, with the upcoming launch of a new US office in Boston. The East Coast office will be coming “very soon, mostly next week,” Ramsol added. It will exist near the Bosch VC office in Sunnyvale, California.

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In addition to supporting climate technology startups, Bosch recently announced that $3.5 billion to develop “climate neutral” technologies, including car electrification, hydrogen electrolyzersas well as heat pumps.


Credit: techcrunch.com /

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