ABB Technology Ventures, or ATV, is the corporate venture capital (CVC) arm of the ABB Group, one of the world’s largest engineering companies.
ATV is focused on bringing together new technologies, new markets and new talent to discover tomorrow's energy solutions and to accelerate the growth of ABB's global power and automation businesses.
ATV’s diverse investment team is comprised of ABB veterans with nearly 30 years of experience inside the ABB Group as well as individuals with strong backgrounds in traditional venture capital investing. ATV is a legally independent investment entity and maintains a global presence with offices in Silicon Valley, Washington, D.C., and Zurich, Switzerland, where it is headquartered.
In many ways, ATV acts similarly to a traditional financial VC firm. As opposed to investing LP capital, however, we use ABB’s balance sheet. While there is never a “typical” investment, historically investments have ranged from $1-$20 million and most often ATV’s investment is not the first institutional money. Ideal targets have solid intellectual property and product or service prototypes in place. We usually seek minority preferred equity ownership positions and often take board seats.
The group anticipates investing in 4-6 new companies per year with approximately half of those located in North America. Deals are often syndicated, and past partners have included other leading VCs such as Draper Fisher Jurvetson (DFJ), Good Energies and Investor Growth Capital. ATV takes an active role in product and business plan development and delivers to the company’s it invests in the broad benefits of ABB Group’s exhaustive R&D resources, extensive product portfolio and diverse customer channels. These benefits have allowed our portfolio companies to dramatically accelerate global market access, partnering and scale-up.
The ATV team screens nearly 1,000 opportunities per year and works diligently to stay abreast of cleantech and energy infrastructure technology developments and market trends. ATV seeks to “see around corners” and is in constant contact with ABB’s chief technology officer, the technology heads for each of ABB’s five divisions and over 20 business units (BUs), as well as the seven global ABB Corporate Research Centers (CRCs). These research centers, in turn, work with leading universities such as MIT, Carnegie Mellon, North Carolina State University, University of Cambridge and the Technical University Stockholm.
Learn more about the ABB Technology Ventures investments.