GE Ventures has divested stakes in 16 companies including Carbon, Desktop Metal and Proterra to venture firm 40 North Ventures.
Venture capital firm 40 North Ventures has acquired stakes in 11 portfolio companies from GE Ventures, the now-idle corporate venturing arm of US-based industrial and power technology provider General Electric.
GE Ventures has been seeking a buyer for all of its holdings since it shelved a proposal to spin off the business in June 2019, in essence signalling the end for this iteration of its corporate venturing strategy.
The unit has embarked on a sale of more than 100…
