The $300m Braemar Energy Ventures III fund will invest in venture and expansion-stage energy technology companies that serve the conventional and alternative energy markets.
US-based venture capital firm Braemar Energy Ventures has closed its third fund at the maximum amount of $300m with commitments from several strategic investors from the energy industry, including the utility AEP (American Electric Power) and several multinational energy companies from Asia and the Middle East.
It is the first disclosed indirect corporate venturing commitment by AEP. Its spokesman said by email: “To the best of our knowledge this commitment to Braemar Energy Ventures is American Electric Power’s first fund…
