Energy Giants Turning To VC For Cutting-Edge Advances

Law360, New York (September 26, 2013, 6:56 PM EDT) -- The closing of a Chevron Technology Ventures LLC fund with $90 million in assets this week is the latest foray into venture capital by the world's largest energy companies, which are looking to get in on the ground floor of new energy generation and services technologies, analysts told Law360 on Thursday.

Chevron's VC unit said Tuesday that this latest venture capital fund, its fifth, would invest in early- to midstage companies and acquire limited partner interests in other funds. The Houston-based oil and gas titan plans...
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