Honeywell Venture Capital launches investment fund

Honeywell Venture Capital LLC, a wholly-owned subsidiary of Honeywell, has launched an investment fund with an approximate corpus of US$100 million. The newly launched fund will invest in early-stage tech startups that belong to Honeywell’s focus sectors, including aerospace, energy, safety, security, productivity and global urbanization.

According to Honeywell’s President and CEO Darius Adamczyk, “Investments in early-stage high-growth companies are a great way to supplement Honeywell’s track record as an innovation leader, leverage our research and development capabilities, and provide access to new solutions for our customers.”

He also mentioned that, “We will invest in companies from around the world with emerging or disruptive technologies that either complement our technologies or can help us serve our customers more effectively.  This will help us to stay out in front of trends while enhancing our culture of innovation and entrepreneurialism.  The fund will concentrate on companies that could scale faster through access to Honeywell’s customers, channels, intellectual property, advanced manufacturing capabilities, and global presence.”

Honeywell Ventures will be led by Murray Grainger, who assumes the newly created role of Managing Director.  Grainger joined Honeywell in 2004 and has most recently led the integration of Intelligrated, a US$1.5 billion acquisition of a leading supply chain automation technology provider, which was completed by Honeywell in 2016.