The current HorizonX Ventures team, led by Brian Schettler since its launch, will move to AEI HorizonX with its current portfolio.
Boeing, a New York-listed plane maker, has spun off its corporate venturing unit, HorizonX Ventures, in a secondaries deal with AE Industrial Partners (AEI), a capital provider to the aerospace industry with $3.5bn in assets under management.
The move follows a similar restructuring of peer Airbus’s 67 innovation vehicles into the Airbus InnovationX unit under Christian Lindener and Airbus Ventures under managing partner Thomas d’Halluin over the past 15 months as covid-19 impacted travel.
The independent and expanded venture capital…
