The manufacturing equipment maker intends to build a $45m corporate venture capital portfolio by 2021, and plans to invest in around five startups a year.
Germany-based industrial product manufacturer Trumpf has launched a corporate venturing vehicle called Trumpf Venture and aims to build up a €40m ($45m) portfolio in the next five years.
Founded in 1923, Trumpf provides manufacturing products such as machine tools, lasers and electronics.
Trumpf Venture was established at the start of July this year but only formally announced last week. It is looking to invest in photonics, connected production technology, new manufacturing processes, smart components and high-tech material developers.
Christof Siebert,…
