Safran Corporate Ventures increases investment capacity by $54 million

Safran's venture capital arm, Safran Corporate Ventures, has increased its investment capacity and equity stakes in startups by €50 million ($54 million) to a budget of €130 million ($141 million). ""By increasing our investment capacity by €50 million, we now have the additional resources to strengthen our support for startups developing disruptive technologies in the key areas of decarbonisation, sovereignty and digital,"" said Safran Corporate Ventures CEO Florent Illat. Since its formation in 2015, Safran Corporate Ventures has invested in 22 startups, 17 of which are still in its portfolio. It includes investments in Avnos, Cranfield Aerospace Solutions, Greenerwave, Ineratec, Numalis, Sinteramt, SkyFive, and Vyoma. Illat added: ""Our investment activity is part of an open innovation approach aimed at supporting the emergence of technologies developed by outside players."" Safran is also launching two Safran Explore open innovation programs to select and support promising technology startups.