Venture firm Aster is reportedly buying TotalEnergies' corporate VC portfolio following the oil and gas provider's transition to accelerator actvities.
France-based oil and gas provider TotalEnergies has closed its $400m corporate venture capital unit and is selling its portfolio to venture capital firm Aster, Pitchbook reported yesterday.
The move comes a year after Francois Badoual, Total’s vice-president of acceleration and venturing, told Global Corporate Venturing the company was switching focus to its early-stage accelerator programme, TotalEnergies On, while maintaining…
