3M New Ventures

3M New Ventures is the corporate venture capital arm of the global diversified technology company 3M. Based in Saint Paul, United States, its primary mission is to identify, invest in, and collaborate with disruptive, early-stage companies whose innovations align with 3M's strategic growth platforms. This venture unit serves as a critical conduit for 3M to access external innovation, complementing its extensive internal research and development capabilities and fostering a pipeline of future technologies.

The firm strategically targets startups developing cutting-edge technologies across several key domains. These include advanced materials, industrial technologies, health and medical solutions, and sustainability initiatives. 3M New Ventures typically focuses on companies in the seed to Series B stages, seeking to provide not just capital but also access to 3M's deep scientific expertise, global market reach, and manufacturing capabilities. Their investment thesis emphasizes long-term strategic value and potential for synergistic partnerships.

3M New Ventures has built a diverse portfolio, having made over 25 investments in promising startups since its inception. While specific check sizes can vary based on the stage and needs of the portfolio company, their initial investments generally reflect their focus on early-stage growth. For instance, they have participated in seed rounds as small as $1.5 million and Series B rounds exceeding $10 million, demonstrating flexibility in their engagement. The firm often co-invests alongside traditional venture capital firms, leveraging a broader network for due diligence and support.

Beyond financial investment, 3M New Ventures actively seeks to foster collaborative relationships, offering portfolio companies the opportunity to leverage 3M's vast resources, including its global network of scientists and engineers, and its extensive intellectual property portfolio. This approach helps accelerate the development and commercialization of new technologies, ensuring that 3M remains at the forefront of innovation in its core and emerging markets.