Aster Capital, formerly Schneider Electric Ventures, is pleased to announce the first closing of its second venture capital fund with a commitment of EUR 70 million (US$ 100 million) from two industrial sponsors, Alstom and Schneider Electric.
The mission of Aster Capital is to take minority interests in innovative start-ups based in Europe, North America and Asia, developing new technologies that could lead to major breakthroughs in the fields of energy and the environment.
The two founding sponsors Alstom and Schneider Electric, which are world leaders in their respective businesses, share the aim to support the development of innovative young companies and to nurture cooperation and partnerships for their respective markets.