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Investments

28

Portfolio Exits

4

Partners & Customers

5

About Caterpillar Ventures

Caterpillar Venture Capital (Caterpillar Ventures) assists entrepreneurs around the world grow and scale their businesses to build today for a better tomorrow by leveraging Caterpillar's industry expertise, supply base and independent dealer network. Caterpillar Ventures' focus areas of investment include distributed power, analytics, robotics, additive manufacturing and business models that help our customers be successful. Caterpillar Ventures is a wholly owned subsidiary of Caterpillar, a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

Caterpillar Ventures Headquarter Location

501 Southwest Jefferson Avenue

Peoria, Illinois, 61630,

United States

309-675-2337

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Expert Collections containing Caterpillar Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Caterpillar Ventures in 2 Expert Collections, including HR Tech.

H

HR Tech

65 items

F

Fortune 500 Investor list

590 items

This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.

Latest Caterpillar Ventures News

Deep tech pre-and-seed-stage investor Cottonwood closes oversubscribed third fund well above $75 million target

Jan 18, 2022

With more than 40 new LPs from the Benelux region, including The Netherlands Enterprise Agency (RVO), Germany, Switzerland and the United States joining the majority of previous investors that include KPN Ventures , Caterpillar Ventures , and the U.S. State of New Mexico, pre-seed and seed-stage deep tech specialty investment house Cottonwood Technology Fund has closed its third fund. The oversubscribed round saw over $75 million flow into the coffers, and the firm intends to lend support to startups hailing from the southwest in the States and the northwest of Europe, areas often rife with national laboratories, major research universities, and research centers; and yet often receiving little attention from the venture community. Now let’s be honest, if the VC game is a long game, the deep tech VC game is a loooooooooong game. Operating in a sector where the payday could conceivably be years and years, if not decades off, putting faith in companies active in photonics, micro-and nanoelectronics, advanced materials, nanotechnology, health sciences, sustainable energy, advanced manufacturing, and robotics can be seen as the stuff of a science fiction novel. And yet, if and when a deep tech company really truly strikes a chord, it has the potential to change the world. Literally. While they didn’t know it at the time, the team behind this deep tech invention called The Wheel were about to usher in a completely new way of doing things, nor did ninth-century Chinese Taoist alchemists have any idea that their discovery of black powder would eventually lead to putting humankind in space. In the mind of Cottonwood GP Alain le Loux , there is still a general lack of understanding about the deep tech industry, with investors all too often equating AI and other software companies to real deep tech (or high-tech if you will) ventures. The latter category requires an entirely different mindset from its investors and the kind of ‘patient capital’ that’s equipped to finance true science-based inventions, which tend to take a lot longer to develop before they can realistically be commercialised – if they ever are. With these principles in mind, it’s quite the feat for Cottonwood to instill such confidence from investors that if, and when, their ROI ever comes around, not only does it have the potential to be financially beneficial, but also comes with betterment for all mankind. Provided this deep tech isn’t weaponised, but for now, we’ll leave that out of the equation. “It’s an honor to have received so much support from such a sophisticated collection of seasoned investors. Many family offices also want to invest directly in our portfolio companies by adding to the next funding rounds as our portfolio companies grow. We have never been in a stronger position to support our portfolio companies from beginning to end,’’ commented Cottonwood Technology Fund III’s managing director David Blivin . Share this:

Caterpillar Ventures Investments

28 Investments

Caterpillar Ventures has made 28 investments. Their latest investment was in Connected Energy as part of their Series B on June 6, 2022.

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Caterpillar Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/17/2022

Series B

Connected Energy

$18.31M

Yes

3

8/25/2021

Series B

FlexGen Power Systems

$150M

No

8

8/19/2021

Series C - II

Infinitum Electric

Yes

2

7/1/2021

Series B

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$99M

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10

6/30/2021

Series C - II

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$99M

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10

Date

6/17/2022

8/25/2021

8/19/2021

7/1/2021

6/30/2021

Round

Series B

Series B

Series C - II

Series B

Series C - II

Company

Connected Energy

FlexGen Power Systems

Infinitum Electric

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Amount

$18.31M

$150M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

3

8

2

10

10

Caterpillar Ventures Portfolio Exits

4 Portfolio Exits

Caterpillar Ventures has 4 portfolio exits. Their latest portfolio exit was Sarcos Robotics on September 27, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/27/2021

Reverse Merger

$99M

5

10/29/2020

Reverse Merger

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$99M

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10

10/29/2018

Asset Sale

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$99M

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10

5/5/2017

Acquired

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$99M

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10

Date

9/27/2021

10/29/2020

10/29/2018

5/5/2017

Exit

Reverse Merger

Reverse Merger

Asset Sale

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

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Sources

5

10

10

10

Caterpillar Ventures Partners & Customers

5 Partners and customers

Caterpillar Ventures has 5 strategic partners and customers. Caterpillar Ventures recently partnered with For Inspiration and Recognition of Science and Technology on January 1, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

1/3/2018

Partner

United States

1

1/31/2017

Licensee

United States

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10

9/14/2015

Licensor

Australia

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10

Partner

United States

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10

Partner

United Kingdom

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10

Date

1/3/2018

1/31/2017

9/14/2015

Type

Partner

Licensee

Licensor

Partner

Partner

Business Partner

Country

United States

United States

Australia

United States

United Kingdom

News Snippet

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Sources

1

10

10

10

10

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