Boeing's HorizonX Venture Fund Joins Forces With Private Equity Group

The HorizonX fund will now be managed through a partnership between AE Industrial Partners and Boeing's Enterprise Technology Office and Applied Innovation team.

Boeing's HorizonX venture capital investment portfolio has previously included Zunum Aero, a U.S. start-up that was developing a family of hybrid-electric aircraft until it folded in July 2019. (Image: Zunum Aero)

By Charles Alcock • Managing Editor

August 6, 2021

Boeing is spinning off its HorizonX venture fund through a new partnership with private equity group AE Industrial Partners (AEI). An August 5 announcement about the deal did not specify the exact terms for the tie-up, but it appears that the U.S. aerospace group intends to retain a majority interest in the new fund, which will be renamed AE HorizonX.

Since Boeing established HorizonX in 2017 it has invested in 40 start-ups, holding minority stakes and providing support through its engineering resources. In the advanced air mobility sector, these companies included Zunum Aero whose efforts to bring the six-to-twelve hybrid-electric aircraft to market collapsed in July 2019.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.

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