Caterpillar's corporate venturing unit has committed capital to the latest fund to be raised by Emerald Technology Ventures, with due diligence being carried out on other potential investors.
Caterpillar Ventures, the corporate venturing arm of construction equipment producer Caterpillar, provided an undisclosed amount on Tuesday for the latest fund to be raised by Switzerland-based venture capital firm Emerald Technology Ventures.
Founded in 2000, Emerald has raised four VC funds and made 57 investments, securing backing from corporate limited partners including Doosan Heavy Industries & Construction, Michelin, ABB, Clariant, Ecolab, Evonik, JSR, Mahle, Sibelco, SK Group, Sulzer and Suncor Energy.
The fund, Emerald Industrial Innovation Fund (EIIF), will invest…
