Caterpillar Ventures Extends its Search for New Innovation

Caterpillar Ventures Extends its Search for New Innovation

Today Caterpillar Ventures is announcing a commitment to invest in Cottonwood Technology Fund II. The fund is managed by Cottonwood Capital Partners II, LLC, based in Santa Fe, New Mexico. Cottonwood makes seed and early stage investments in companies developing disruptive technologies across a broad spectrum of industries and areas including chemistry and material sciences, photonics, robotics and energy. The fund works with corporations to determine technology areas of strategic interest - then finds, funds and helps develop entrepreneurial companies within those areas.

The investment in the Cottonwood Technology Fund II will complement Caterpillar’s Enterprise Technology Strategy. The fund will give Caterpillar visibility to emerging technologies in areas of interest including, but not limited to, additive manufacturing, analytics and robotics.

About Caterpillar Ventures:

Caterpillar Venture Capital Inc. (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 Inc., the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. For more information, visit caterpillar.com/ventures.

About Cottonwood

Cottonwood Technology Fund is a seed and early-stage technology commercialization fund with offices in Santa Fe and Albuquerque, New Mexico; and Enschede, The Netherlands. It investments in technology-related (particularly chemistry/material sciences, photonics, biosciences and new energy related) businesses originating throughout the Southwest region of the US and also in Northern Europe. These regions include numerous national laboratories, over a dozen major research universities and several major research medical centers. Current investments include Skorpios, Clear Flight Solutions, FibeRio, xF Technologies (formerly Incitor), Eurekite, Respira, Trilumina, OPNT and Exagen. Visit www.cottonwoodtechnologyfund.com.

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For more information, please contact Ray Quintana, General Partner, ray@cottonwoodtechnologyfund.com, or Penny Wu, Public Affairs and Communication Manager, Caterpillar Inc., wu_penny@cat.com.