DNV GL has launched a venture fund in response to the challenges of the “decade of transformations,” which will be defined by the energy transition and the fourth industrial revolution.
DNV GL Ventures will build a portfolio of between 15-20 startups in the next four years, taking stakes of up to 20% in the companies.
DNV GL’s Energy Transition Outlook forecasts a rapid decarbonization of the global energy system and by midcentury fossil fuels and renewables will almost equally share the energy mix. DNV GL’s services are already reflecting this shift and since the new year DNV GL has announced it will monitor the largest solar farm in Europe and launched FuelBoss, a platform that facilitates LNG bunkering for ships.
With these factors in mind, DNV GL Ventures is looking to invest in companies that reflect these important transformations. Although DNV GL Ventures has a wide remit, it will also focus on DNV GL’s strong industry categories, especially the maritime and energy sectors.
The venture fund will continue to explore opportunities that boost customer trust and supply chain transparency, particular in the food & beverage, healthcare and automotive sectors.
DNV GL has already dipped its toe in the venture pool, having bought a stake in blockchain technology firm VeChain.
DNV GL is inviting startups to send their ninety second video pitches directly to the venture team. Each video will be reviewed, and feedback given within fifteen working days.
“Startups will have enough time in the future to make PowerPoint presentations, we want them to be focused on developing their product and building their customer base. The video pitch is an opportunity to demonstrate their business case in a way that is time efficient for both parties,” said Kaare Helle.
Startups who meet the investment criteria are invited to send their pitches directly to Kaare: [email protected]