Daniel Ateya heads the Silicon Valley office of 3M Ventures, the corporate venturing unit of US-headquartered technology platforms developer 3M.
Ben Wright, director of 3M Ventures, said: “Dan has been critical to the success of 3M Ventures over the past four years. Early in his tenure, Dan helped establish a new strategy for 3M Ventures, which enhanced the way in which we collaborate with our portfolio companies. The strategy has been successful in creating value for 3M and several of our portfolio companies.
“Dan also personally led over 10 investments in companies that are strategically aligned with 3M. These companies have collectively raised over $100m in financing. Dan is an excellent representation of the best of 3M and corporate venturing.”
Ateya has been at his current post for four years but his relationship with 3M dates back to 2010. Immediately before his current appointment, he had spent three years as the business leader for an internal corporate venturing program. In this role, he secured seed funding for 3M’s growth venture initiative and follow-on funding for operations, pilot and scaleup equipment investments.
Ateya said: “We are beginning to see 3M sales associated with collaboration, and balance sheet gains in the portfolio, and hope to continue this strong momentum.”
Before joining 3M Ventures, Ateya completed a PhD in engineering at the State University of New York at Buffalo with a materials science, micro and nanofabrication and life sciences technologies focus.