40 North Ventures

40 North Ventures is an early-to-growth stage venture capital firm backed by Standard Industries, a global building products leader, and focused on transforming the industrial sector through technology. Founded in 2009 by Standard Industries Co-CEOs David Millstone and David Winter, the firm is led by Co-Managing Directors Marc van den Berg and Marianne Wu and operates a $200 million-plus venture capital effort. 40 North invests across manufacturing, logistics, mobility, energy, infrastructure, and construction, targeting companies that make industrial business more data-driven, agile, and environmentally sustainable. The firm leads rounds with checks ranging from $3 million to $30 million at Series A through late stage, and has built a portfolio of 28 companies with 6 exits. In a landmark transaction, 40 North acquired investment stakes in 11 companies from GE Ventures' portfolio, including Carbon and Desktop Metal in 3D printing, Proterra in electric buses, Volta in EV charging, Enbala in distributed energy, Catalant in workforce solutions, Upskill in augmented reality for enterprise, Aras in product lifecycle management, and Tamr in data management. 40 North operates from the conviction that the industrial sector is on the cusp of a modern revolution driven by data, automation, and sustainability. The firm brings Standard Industries' manufacturing expertise and global customer networks to portfolio companies, offering a distinctive strategic advantage beyond capital for founders building the next generation of industrial technology businesses.