Honeywell Venture Capital is expected to have an initial fund size of $100m and will make strategic investments on behalf of its industrial technology production parent.
US-based industrial product and software producer Honeywell unveiled a strategic investment vehicle called Honeywell Venture Capital yesterday and plans to provide about $100m to startups through the unit.
Honeywell provides a range of products ranging from aerospace systems, chemicals and fuels to safety and monitoring equipment and home building and control technology. It has made strategic acquisitions in the past but done very little in the way of corporate venturing.
The $100m figure represents Honeywell’s expectation of the fund’s initial…
