Caterpillar Ventures
Irving, Texas, United StatesFounded 2015
Caterpillar Ventures is the corporate venture capital arm of Caterpillar Inc., making strategic, minority-interest investments in early-stage startups delivering innovative solutions in autonomy, robotics, energy transition, sustainability, and industrial technology.
Their most common stage is series-b (50% of deals). Average disclosed round size is $32.9M (across 9 rounds with reported amounts).
Portfolio
10
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Team
JS
Jihad Salahuddin
Director
MM
Mike Mahan
Investment Director
BL
Brian Lowry
Investment Manager
DL
Dalton Light
Senior Investment Manager
KM
Kevin Miller
Investor
MC
Mark Crawford
Head of Caterpillar Ventures
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
10 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Magnus Metal | Series B | $74M | Apr 2024 |
| MMagnus | Series B | $74M | Apr 2024 |
 Guardhat | Series B | — | Jan 2021 |
 SeekOps | Series B | $14M | Jan 2021 |
| SSarcos Corp. | Series B | $30M | Jan 2018 |
| MMinesense Technologies | Series C | $19M | Jan 2017 |
 Clearpath Robotics | Series C | $30M | Oct 2016 |
 Clearpath | Series C | $30M | Oct 2016 |
 Yard Club | Unknown | $5.1M | — |
| PPowerhive | Series A | $20M | — |
Top Co-Investors
Export Development Canada3 shared
Next Gear Ventures2 shared
Essentia Venture Capital2 shared
Discount Capital2 shared
Target Global2 shared
Awz Ventures2 shared
Cresson Management2 shared
Deep Insight2 shared
Lumir Ventures2 shared
Entrée Capital2 shared
Kensington Capital Partners2 shared
Inovia Capital2 shared
Silicon Valley Bank2 shared
RRE Ventures2 shared
Prelude Ventures2 shared
Caterpillar2 shared
Durable Capital Partners1 shared
General Catalyst1 shared
Annox Capital1 shared
LPC Ventures1 shared
Last updated: 8 September 2026