Shell and Coller in new technology funding partnership
News & PR

Shell and Coller Capital in new technology funding partnership

Shell

The new fund will consist of Shell Technology Ventures’ existing portfolio of 34 technology investments, including investments in Enventure Global Technology LLC, Well Dynamics B.V., Swellfix B.V. The fund will be independently managed and will focus on investing in Shell and third party Exploration and Production technologies. The fund will not include Shell proprietary technologies developed for exclusive use in Shell’s own operations and joint ventures.

Matthias Bichsel, Executive Vice President, Technical in Shell, said: “The creation of Shell Technology Ventures Fund 1 reflects a continuing focus on ensuring that non-proprietary Shell technologies can be developed and commercialised rapidly to maximise both value, and capital efficiency. The fund will enable us to accelerate deployment of promising technologies across our portfolio.”

Jeremy Coller
Chief Investment Officer and Managing Partner
Quote Icon
Many investors consciously avoid venture capital, but we have always been enthusiasts and have created fruitful partnerships with many of the world's leading technology players. Shell has an outstanding, globally recognized, R&D capability and we believe that, through this joint venture, we will be able to help them strengthen their lead in technologies for the energy sector.
Jeremy Coller
Chief Investment Officer and Managing Partner
Related news & insights