Michelin Ventures is in the process of closing its fourth investment and hopes to invest between $28.5m and $34m per year.
France-based tyre manufacturer Michelin has turned its Michelin Ventures into a full-blown corporate venturing fund that will invest between €25m and €30m ($28.5m and $34m) per year, according to Les Echos.
The fund has already made three investments and is in the process of closing a fourth, but the corporate explained it would not disclose the identities of its portfolio companies.
Michelin has not revealed a fund size for its corporate venturing operation but explained that it could increase the…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
