Bosch Receives $295M VC Fund, Scouting for Startups
Bosch’s venture arm just unveiled its fifth fund, claiming it’s looking for firms that have the “potential to improve quality of life while conserving natural resources.”
The new $295 million fund increases the stakes from Bosch VC’s previous fund by $53 million, but the German firm’s global focus on deep tech remains largely unchanged.
That vague category covers everything from autonomous vehicles to Internet of Things platforms, according to Bosch VC.
Solar, carbon capture, and alternative fuels are all on the firm’s radar, according to managing director Ingo Ramesohl.
Bosch VC often invests in startups at the Series A or B stage, up to $27 million (€25 million) per.
Bosch VC is handled by a small staff of 22 investment managers, compared to its German parent business, a 135-year-old conglomerate.
According to Ramesohl, with the upcoming opening of a new U.S. office in Boston, that figure is expected to rise. The East Coast office will open “very shortly,” according to Ramesohl, “essentially next week.” It will coexist with Bosch VC’s Sunnyvale, California location.
In addition to funding climate-tech firms, Bosch recently announced that it would invest $3.5 billion in “climate-neutral” technology such as car electrification, hydrogen electrolyzers, and heat pumps.
