Chevron Technology Ventures Launches $90M Venture Capital Fund
Houston-based Chevron Technology Ventures LLC has launched a $90m venture capital fund.
CTV Fund V will invest in early- to mid-stage companies and in limited partnership funds focusing on emerging technologies that have the potential to improve Chevron’s oil and gas base business performance or create new opportunities for growth.
Formed in June 1999 and led by Barbara Burger, President, CTV screens more than 400 opportunities per year, selecting one to three companies in which to invest. The firm has a current portfolio of 37 companies.