Chevron Technology Ventures

About The Fund

Chevron Technology Ventures (CTV), the corporate venture capital arm of Chevron Corporation, focusses on fostering innovation and integration of emerging technologies to enhance Chevron’s objectives in providing affordable, reliable, and cleaner energy. Established in 1999 in Houston, Texas, United States, CTV actively scouts for pioneering technologies and new business solutions across a wide range of industries, including Software, IT, BioTech, Hardware, Energy, IoT, CleanTech, A.I., Blockchain, Web Security, Impact, Logistics, Material Science, and Nanotechnology. With an expertise in equity and fund of funds investments, CTV has an investments spectrum ranging from a minimum of $25,000 up to a maximum of $100,000, with a sweet spot of around $50,000. They specialize in various stages including Early Stage, Expansion, Merging, Pre-Seed, Seed, Series A, and Series B financings. Operating as a Corporate VC, CTV manages assets worth approximately $340 million. CTV's investment strategy is two-fold: investing in technologies that could enhance their core operations, characterized by the Core Venture Fund which focusses on technologies that promise operational enhancement, digitalization, and lower-carbon operations, and investing in future energies and advanced material innovations. The Future Energy Funds particularly aim at lower carbon innovations, focusing on decarbonization, novel energy sources, energy decentralization, and the circular economy. Their extensive portfolio includes over 100 companies with collaborative efforts alongside more than 300 co-investors. CTV maintains strong ties with the startup ecosystem, including incubators and accelerators such as Activate, Capital Factory, Greentown Labs, and MassChallenge to stay at the forefront of technological advancement and ensure Chevron’s adaptation to the evolving energy future.