# Siemens: portfolio, investments and team

> Siemens is a corporate vc based in Germany. 140 investments on record, 3 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/siemens (Millionrounds; every figure on the page links to its filing or article)

Germany · [Investor](https://millionrounds.com/investors)

# Siemens

Last cheque observed Oct 2026; 140 cheques on record.

Email

Deploying now Corporate VC

Seed Business Development Financial Services Messaging

Follow Siemens and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fsiemens)

Deploying now

**100%** of best year **3** **cheques in 12 months**, 140 on record

Since the last cheque **17** days **00** hrs **00** min **00** sec

Median round **$135M** Rounds led **1 of 140** Sole investor **23 rounds** Exits **23 from the portfolio** Mostly in **United States, 63%**

Pitch Siemens

## Siemens highlights

- 01 3 cheques in the last 12 months
- 02 Mostly Venture and Series B: 48% of its rounds
- 03 Sole investor in 23 rounds, median $5.0M
- 04 23 exits from the portfolio

## What they do

- **Type:** Corporate VC (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed
- **Sectors:** Business Development Financial Services Messaging
- **Based in:** Munich, Germany
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **140 appearances**

- **2026** 3 rounds
- **Oct** **[Skeleton Technologies](https://millionrounds.com/company/skeleton-technologies)** Growth · EE · ArcticStartup **$100M** *Led*
- **Aug** **[Emerald AI](https://millionrounds.com/company/emerald-ai)** Series A · US · QRM Capital **$150M** With 15 others
- **Jun** **[PhysicsX](https://millionrounds.com/company/physicsx)** Series C · GB · Firms' own news pages **$300M** With 10 others
- **2025** 2 rounds
- **Jul** **[Zenobē](https://millionrounds.com/company/zenobe)** Debt · GB · Silicon Canals **$382M** With 6 others
- **Jun** **[PhysicsX](https://millionrounds.com/company/physicsx)** Series B · GB · TechStartups **$135M** With 9 others
- **2018** 2 rounds
- **Dec** **[MetisMotion](https://millionrounds.com/company/metismotion)** DE · FinSMEs **$1.1M** With 2 others
- **Nov** **[ChargePoint](https://millionrounds.com/company/chargepoint)** Series H · US · FinSMEs **$240M** With 8 others
- **2017** 2 rounds
- **Jun** **[ChargePoint](https://millionrounds.com/company/chargepoint)** Series G · US · FinSMEs **$43M** Sole investor
- **May** **[Bonsai](https://millionrounds.com/company/bonsai)** Series A · US · FinSMEs **$7.6M** With 3 others
- **2015** 7 rounds
- **Oct** **[tado°](https://millionrounds.com/company/tado)** Series B · DE **$17M** With 4 others
- **Jun** **[Plotly](https://millionrounds.com/company/plotly)** Series A · CA **$5.5M** With 4 others
- **Jun** **[CounterTack](https://millionrounds.com/company/countertack)** Series C · US **$15M** With 8 others
- **May** **[CyberFlow Analytics](https://millionrounds.com/company/cyberflow-analytics)** Seed · US **$2.0M** With 1 other
- **May** **[Black Duck Software](https://millionrounds.com/company/black-duck-software)** Series G · US **$5.0M** Sole investor
- **Apr** **[USARAD Holdings](https://millionrounds.com/company/usarad-holdings)** US **Undisclosed** With 2 others
- **Jan** **[Alchemist Accelerator](https://millionrounds.com/company/alchemist-accelerator)** Venture · US **$2.1M** With 9 others
- **2014** 27 rounds
- **Oct** **[Tendril](https://millionrounds.com/company/tendril)** Venture · US **$20M** With 1 other
- **Oct** **[Sternico](https://millionrounds.com/company/sternico)** Series A **Undisclosed** Sole investor
- **Oct** **[Adarza BioSystems](https://millionrounds.com/company/adarza-biosystems)** Series A · US **$6.8M** With 1 other
- **Sept** **[Augmate](https://millionrounds.com/company/augmate)** Seed · US **$2.8M** With 10 others
- **Sept** **[thinkstep](https://millionrounds.com/company/thinkstep)** Series B · DE **$13M** With 1 other
- **Aug** **[Seventh Sense Biosystems](https://millionrounds.com/company/seventh-sense-biosystems)** Series B · US **$16M** With 4 others
- **Jul** **[Wirescan](https://millionrounds.com/company/wirescan)** NO **Undisclosed** Sole investor
- **Jul** **[Power Plus Communications](https://millionrounds.com/company/power-plus-communications)** DE **Undisclosed** Sole investor
- **Jul** **[Polarion Software](https://millionrounds.com/company/polarion-software)** Series A · US **Undisclosed** Sole investor
- **Jul** **[ParkTAG](https://millionrounds.com/company/parktag)** Seed · DE **$680K** With 7 others
- **Jul** **[J2 Innovations](https://millionrounds.com/company/j2-innovations)** Series A · US **Undisclosed** Sole investor
- **Jun** **[Electric Cloud](https://millionrounds.com/company/electric-cloud)** Series E · GB **$12M** Sole investor
- **Jun** **[Sunverge Energy, Inc](https://millionrounds.com/company/sunverge-energy-inc)** Series B · US **$15M** With 2 others
- **Jun** **[CounterTack](https://millionrounds.com/company/countertack)** Series B · US **$5.0M** With 5 others
- **Jun** **[Bay Environmental Technology](https://millionrounds.com/company/bay-environmental-technology)** Series D **Undisclosed** Sole investor
- **May** **[Powerit Solutions](https://millionrounds.com/company/powerit-solutions)** Series D · US **$1.0M** Sole investor
- **May** **[QBotix](https://millionrounds.com/company/qbotix)** Series B · US **$12M** With 4 others
- **May** **[Augmate](https://millionrounds.com/company/augmate)** US **Undisclosed** With 2 others
- **May** **[ChargePoint, Inc.](https://millionrounds.com/company/chargepoint-inc)** Series E · US **$23M** With 5 others
- **Apr** **[Electric Cloud](https://millionrounds.com/company/electric-cloud)** Series E · GB **$4.0M** With 4 others
- **Apr** **[BuildingIQ](https://millionrounds.com/company/buildingiq)** Debt · US **$1.6M** Sole investor
- **Mar** **[LanzaTech](https://millionrounds.com/company/lanzatech)** Series D · US **$60M** With 5 others
- **Mar** **[thinkstep](https://millionrounds.com/company/thinkstep)** Series B · DE **Undisclosed** Sole investor
- **Mar** **[Polarion Software](https://millionrounds.com/company/polarion-software)** Series A · US **$10M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **79** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## Exits from the portfolio

Companies it backed that were later bought or listed **23 in all**

**[Bonsai](https://millionrounds.com/company/bonsai)** Bought by [Microsoft](https://millionrounds.com/fund/microsoft) **Undisclosed** Jun 2018

**[Voltage Security](https://millionrounds.com/company/voltage-security)** Bought by Hp **Undisclosed** May 2015

**[Voltage Security](https://millionrounds.com/company/voltage-security)** Bought by [Hewlett-Packard](https://millionrounds.com/fund/hewlett-packard) **Undisclosed** Feb 2015

**[Lagoa](https://millionrounds.com/company/lagoa)** Bought by [Autodesk](https://millionrounds.com/fund/autodesk) **$60M** Nov 2014

**[Wurldtech](https://millionrounds.com/company/wurldtech)** Bought by General Electric (GE) **Undisclosed** May 2014

**[U-Systems](https://millionrounds.com/company/u-systems)** Bought by [GE Healthcare](https://millionrounds.com/fund/ge-healthcare) **Undisclosed** Nov 2012

**[BroadLight](https://millionrounds.com/company/broadlight)** Bought by [Broadcom](https://millionrounds.com/fund/broadcom-limited) **$230M** Mar 2012

**[SmartSynch](https://millionrounds.com/company/smartsynch)** Bought by [Itron](https://millionrounds.com/fund/itron) **$100M** Feb 2012

**[eMeter](https://millionrounds.com/company/emeter)** Bought by [Siemens](https://millionrounds.com/fund/siemens) **Undisclosed** Dec 2011

**[Prenova](https://millionrounds.com/company/prenova)** Bought by Ecova **Undisclosed** Nov 2011

**[Encelium Technologies](https://millionrounds.com/company/encelium-technologies)** Bought by OSRAM **Undisclosed** Oct 2011

**[SensorDynamics](https://millionrounds.com/company/sensordynamics)** Bought by Maxim Integrated Products **Undisclosed** Jul 2011

**[Polychromix](https://millionrounds.com/company/polychromix)** Bought by [Thermo Fisher Scientific](https://millionrounds.com/fund/thermo-fisher-scientific) **Undisclosed** May 2010

**[VPIsystems](https://millionrounds.com/company/vpisystems)** Bought by Elanti Systems **Undisclosed** Mar 2010

**[DuneNetworks](https://millionrounds.com/company/dunenetworks)** Bought by [Broadcom](https://millionrounds.com/fund/broadcom-limited) **$178M** Nov 2009

**[MontaVista Software](https://millionrounds.com/company/montavista-software)** Bought by Cavium **$50M** Nov 2009

**[Netcontinuum](https://millionrounds.com/company/netcontinuum)** Bought by [Barracuda Networks](https://millionrounds.com/fund/barracuda-networks) **Undisclosed** Sept 2007

**[Global Locate](https://millionrounds.com/company/global-locate)** Bought by [Broadcom](https://millionrounds.com/fund/broadcom-limited) **$146M** Jul 2007

**[Factory Logic](https://millionrounds.com/company/factory-logic)** Bought by [SAP](https://millionrounds.com/fund/sap) **Undisclosed** Dec 2006

**[Followap](https://millionrounds.com/company/followap)** Bought by Neustar **$139M** Nov 2006

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

## Companies it bought

Acquisitions by the firm itself

**Dresser Rand Group, Inc** **$7.6B** Sept 2014

**The Preactor Group** **Undisclosed** Jun 2013

**[eMeter](https://millionrounds.com/company/emeter)** **Undisclosed** Dec 2011

**Vistagy** **Undisclosed** Nov 2011

**SureGrid** **Undisclosed** Oct 2010

**[VistaScape](https://millionrounds.com/company/vistascape)** **Undisclosed** Oct 2006

**American Electronic Components** **Undisclosed** Dec 2005

**Garderos Software Innovations** **Undisclosed** Sept 2005

**Flender Holding** **Undisclosed** Mar 2005

**CTI Molecular Imaging** **$1.0B** Mar 2005

**Chantry Networks** **Undisclosed** Dec 2004

**Trench Electric Holding** **Undisclosed** Jun 2004

## The cheque

Seed

Median round joined **$135M** the round, not its cheque Alone, median **$5.0M**

Led 1 of 140 rounds **1%**

- **Sole investor:** 23 rounds
- **Last cheque:** Oct 2026
- **Exits:** 23 from the portfolio

Rounds by stage said on their site

- Venture *30*
- Series B *29*
- Series C *22*
- Series A *21*
- Series D *14*
- Series E *7*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [BayTech Venture Capital](https://millionrounds.com/fund/baytech-venture-capital) 5
- [Nth Power](https://millionrounds.com/fund/nth-power) 5
- [Star Ventures](https://millionrounds.com/fund/star-ventures) 5
- [U.S. Venture Partners](https://millionrounds.com/fund/u-s-venture-partners-usvp) 5
- [Aisling Capital](https://millionrounds.com/fund/aisling-capital) 4
- [F-Prime Capital](https://millionrounds.com/fund/f-prime) 4

**Pitching Siemens?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Siemens. A count of rooms they were both in, not a relationship either has claimed.

[**BayTech Venture Capital** VC firm **5** rounds together](https://millionrounds.com/fund/baytech-venture-capital)[**Nth Power** VC firm **5** rounds together](https://millionrounds.com/fund/nth-power)[**Star Ventures** Growth equity **5** rounds together](https://millionrounds.com/fund/star-ventures)[**U.S. Venture Partners** VC firm **5** rounds together](https://millionrounds.com/fund/u-s-venture-partners-usvp)[**Aisling Capital** Private equity **4** rounds together](https://millionrounds.com/fund/aisling-capital)[**F-Prime Capital** VC firm **4** rounds together](https://millionrounds.com/fund/f-prime)[**Fidelity Biosciences** Investment firm **4** rounds together](https://millionrounds.com/fund/fidelity-biosciences)[**Intersouth Partners** VC firm **4** rounds together](https://millionrounds.com/fund/intersouth-partners)[**Kearny Venture Partners** VC firm **4** rounds together](https://millionrounds.com/fund/kearny-venture-partners)[**Kinetic Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/kinetic-ventures)[**Morgenthaler Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/morgenthaler)[**New Enterprise Associates** VC firm **4** rounds together](https://millionrounds.com/fund/new-enterprise-associates)

## Recently backed

The latest companies Siemens put money into.

[**Skeleton Technologies** $100M · Oct 2026](https://millionrounds.com/company/skeleton-technologies)[**Emerald AI** $150M · Aug 2026](https://millionrounds.com/company/emerald-ai)[**PhysicsX** $300M · Jun 2026](https://millionrounds.com/company/physicsx)[**MetisMotion** $1.1M · Dec 2018](https://millionrounds.com/company/metismotion)[**ChargePoint** $240M · Nov 2018](https://millionrounds.com/company/chargepoint)[**Bonsai** $7.6M · May 2017](https://millionrounds.com/company/bonsai)

## Quick answers about Siemens

### What does Siemens invest in?

Siemens invests most often at Venture and Series B (48% of the rounds on record), in sectors such as Business Development, Financial Services and Messaging.

### How active is Siemens?

140 investments on record, 3 of them in the last 12 months, and it led 1. The most recent was in Oct 2026.

### What has Siemens invested in recently?

Its most recent investments on record: Skeleton Technologies (Growth, Oct 2026), Emerald AI (Series A, Aug 2026) and PhysicsX (Series C, Jun 2026).

### How big are Siemens's cheques?

The median round it joins is $135M.

### Does Siemens lead rounds?

Sometimes: it led 1 of its 140 investments on record (1%).

### Where does Siemens invest?

Most of the companies it backs are in the United States (63%), Germany (16%) and the United Kingdom (13%).

### Is Siemens investing now?

Yes: it is actively investing, with 3 investments in the last 12 months.

### Who does Siemens invest alongside?

Most often BayTech Venture Capital (5 rounds together), Nth Power (5 rounds together) and Star Ventures (5 rounds together).

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