Shell Technology Ventures transmits cash to VC funds

Mar 30, 2016 • Robert Lavine

The corporate venturing unit has become a limited partner in energy-focused venture capital funds GRC SinoGreen Fund III and Set Ventures.

Shell Technology Ventures (STV), the corporate venturing arm of oil and gas company Shell, has made investments in two venture capital funds, managing director Geert van de Wouw has confirmed.

STV provided an undisclosed amount for GRC SinoGreen Fund III, a China-based fund that invests in companies developing energy and resource efficiency, cleaner transportation, sustainability and climate change mitigation technology. Its limited partners also include chemicals producer Evonik.

The other VC fund to receive capital was Netherlands-based Set Ventures,…

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