Piva launches $250 Million Fund to Invest in a New Era of Industry and Energy
SAN FRANCISCO, Dec. 11, 2019 /PRNewswire/ -- Today, newly formed venture capital firm Piva announced the launch of its inaugural $250 million fund to invest in the people, companies and breakthrough technologies needed to usher in a new era of industry and energy.
- SAN FRANCISCO, Dec. 11, 2019 /PRNewswire/ -- Today, newly formed venture capital firm Piva announced the launch of its inaugural $250 million fund to invest in the people, companies and breakthrough technologies needed to usher in a new era of industry and energy.
- "Over the next twenty years, new types of technologies will solve the most critical industrial, material and energy problems we face today," said Ricardo Angel, CEO and Managing Partner, Piva.
- Piva counts one of the world's largest energy companies, Malaysia-based PETRONAS, as its sole LP but operates independently from the energy giant, that separately formed a corporate venture capital fund (PETRONAS CVC) in October.
- The firm plans to invest in 15-20 technology companies around the world over the life of the fund.