The oil and gas producer’s Wind Ventures vehicle features ex-corporate venturers from Konica Minolta and GM Ventures, and has revealed its first portfolio companies.
Chile-listed petroleum supplier Compañía de Petróleos de Chile (Copec) publicly launched a US-based corporate venture capital subsidiary called Wind Ventures yesterday.
Formed in late 2019, Wind Ventures is targeting global energy, mobility and retail technology developers, and will facilitate their entry into the Latin America market. It will generally invest roughly $1m to $10m per deal across series A to C rounds, as well as pursuing follow-on funding opportunities.
The fund has provided $30m for energy storage technology producer
