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Key people at HP Ventures.
HP Tech Ventures serves as the corporate venture capital arm of HP Inc., investing in early-stage companies to foster innovation. It targets startups developing disruptive technologies, particularly in 3D printing and artificial intelligence. The group provides capital and strategic guidance, accelerating solutions aligned with HP's long-term market vision.
Established in 2016 by HP Inc., HP Tech Ventures originated from the insight that external startup innovation is crucial for sustained corporate growth. The initiative aimed to partner with nascent companies whose advancements could complement or revolutionize HP's product offerings, maintaining competitive advantage. This proactively drives future innovation.
The firm primarily supports innovative startups with capital and resources to scale their technologies. HP Tech Ventures’ vision focuses on shaping the future by investing in transformative solutions poised to disrupt industries and create new market paradigms. It empowers portfolio companies, contributing to a future where technological advancement redefines experiences.
HP Tech Ventures is the corporate venture capital arm of HP Inc., launched to foster innovation through strategic investments in early-stage startups disrupting key technology areas. Its mission centers on building an ecosystem of reinvention by partnering with exceptional entrepreneurs, providing not just capital but access to HP's global resources like its vast channel network, manufacturing infrastructure, and 80+ years of tech expertise to accelerate portfolio growth.[1][2][4][5] The investment philosophy emphasizes long-term value creation via deep engagement, aligning with HP's priorities in areas such as generative AI, edge computing, future of work, 3D printing, digital manufacturing, and sustainability.[1][2][4] With around 15 investments, an average check of $13.4M (up to $65M max), and notable exits like Mobalytics (acquired by Tencent) and Voxel8 (by DSM), it significantly impacts the startup ecosystem by bridging startups to enterprise-scale opportunities, primarily in the US and Israel.[2][3]
HP Tech Ventures was established in 2016 as HP Inc.'s dedicated VC arm, evolving from earlier Hewlett-Packard ventures like Hewlett-Packard Ventures, which focused on expansion-stage enterprise tech in cloud, data centers, big data, and security.[1][2][3][4][6] Key leaders include Andrew Bolwell and Angelo Del Priore, backed by a team of 20+ professionals with deep VC and tech experience.[1][2] The focus has shifted from broad enterprise tech to HP-aligned disruptors in AI, edge, hybrid work, and sustainability, reflecting HP's post-2015 split into HP Inc. (printing/imaging) and HPE, with this arm prioritizing strategic synergies like 3D printing and future-of-work innovations.[1][2][4] Early traction came through portfolio successes and exits, solidifying its role in nurturing high-impact startups.[2]
HP Tech Ventures rides megatrends like the AI data explosion (generative AI, edge computing), hybrid work evolution, and sustainability pushes toward circular economies, timing investments as trillions of sensors disrupt computing and enterprises demand scalable, low-carbon solutions.[2][4] Market forces favoring it include HP's manufacturing prowess in 3D printing/digital manufacturing and its distribution scale, enabling startups to bypass common go-to-market hurdles amid rising enterprise adoption of AI/edge tech.[1][4][5] It influences the ecosystem by accelerating strategic fits—e.g., Owl Labs for future-of-work tools—fostering cross-pollination between startups and corporates, and driving exits that validate HP-aligned innovations in a landscape prioritizing sustainability and digital equity.[2][3]
HP Tech Ventures is poised to deepen bets on generative AI and sustainability, capitalizing on edge data growth and circular economy demands to expand its 15-investment portfolio amid maturing startup exits. Trends like AI automation in work/creation and low-carbon tech will shape its path, potentially evolving its influence through larger funds, more global co-invests (beyond US/Israel), and deeper HP synergies for trillion-sensor economies.[2][4] As corporate VCs gain traction for hands-on scaling, it could redefine how incumbents reinvent via startups, tying back to its core: fueling tomorrow's experiences through strategic partnerships.[3][4]
Key people at HP Ventures.
