The aerospace manufacturer has put an additional $33.5m into its Safran Corporate Ventures unit, four years after it was launched with more than $55m in capital.
France-based aerospace and defence equipment producer Safran has provided a further €30m ($33.5m) for its corporate venturing fund, taking its capital under management to approximately $89.1m, Les Echos has reported.
Safran Corporate Ventures launched in 2015 with $55.6m of capital set to be invested in European and North American startups in the aerospace, defence and security sectors over an intended period of three years.
The unit has invested in 10 companies to date, using up slightly less than its…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
