Caterpillar Ventures Invests in McRock IIoT Fund

mcrock 23 jan 17 2017 caterpillar invests in mcrock

Toronto, OntarioMcRock Capital Corporation, a leading venture capital fund manager focused  exclusively on the Industrial Internet of Things (IIoT), announced today that it has reopened McRock  iNFund LP to admit Caterpillar Ventures as a strategic investor. Launched in December 2014, the fund now  adds Caterpillar to its list of corporate investors which also includes Cisco Systems and Électricité de  France (EDF). Other investors include BDC Capital, EDC, Teralys, WSGR, AEC, Kensington and Harbourvest. 

“We are pleased to add Caterpillar Ventures as our newest strategic investor, recognizing their strength  in the IIoT. The addition of Caterpillar provides us with the opportunity to work with a global industrial  manufacturer that has the largest connected industrial fleet in the world,” says Scott MacDonald, Co Founder and Managing Director of McRock Capital.  

“Caterpillar continues to lead in the digital age, and the relationship with McRock will help keep us abreast  of new technologies, innovation and startups in the IoT space,” added John Carpenter, Caterpillar  Solutions and Technology Manager. 

About Caterpillar Ventures- Caterpillar Venture Capital Inc. (Caterpillar Ventures) assists entrepreneurs  around the world to 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 robotics, energy, advanced materials, and digital solutions 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 McRock Capital – McRock is the first dedicated Industrial Internet of Things (IIoT) venture capital  fund focused on the intersection of sensors and software in large industrial markets. The McRock team  has a unique background of building high-growth venture-backed IIoT companies while also having  worked in the power, water, oil and gas industries. McRock is backed by several leading institutional  investors as well as Cisco Systems, Électricité de France (EDF), and Caterpillar.  

Visit www.mcrockcapital.com and follow on Twitter @McRockCapital.