Lots of indirect investments in startups in April
Portugal-based electric utility EDP has committed a further €100m ($110m) to its corporate venturing unit as a host of companies target commitments to sustainable-focused VC funds.
EDP Ventures’ new mandate represents the ambition to double by 2025 the utility’s commitment to startups and companies.
It said it would now participate in both series B and C rounds to support energy and hydrogen-focused innovation with plans to invest up to €10m per company. EDP is also expanding to the US and…
