Galp (corporate venture capital)
Corporate venture capital unit of Galp Energia, SGPS, S.A.
Also known as Galp CVC
Corporate venture capital activity of energy group Galp; invested $5M each in 6K and Verdagy (2023) and committed up to €20M to the Energy Impact Partners platform (2020).
Corporate venture capital unit of Portuguese energy group Galp Energia; it has no separate brand or legal vehicle. Not to be confused with Galp Upcoming Energies or Startup the Future, which are innovation programmes.
- HEADQUARTERS
- Lisbon, Portugal
- FOUNDED
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- AUM
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- OUTSIDE CAPITAL
- No — own capital only
- TEAM LISTED
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Focus
- STAGES
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- SECTORS
- Climate & Energy
- GEOGRAPHY
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Overview
Galp lists Corporate Venture Capital, next to Venture Building and Portfolio Growth, as part of the Innovation and New Businesses area of its Renewables and New Businesses unit. Galp's August 2023 press release calls its $5 million investment in US electrolyser developer Verdagy its second direct investment in a venture capital logic, after $5 million in Boston battery-materials company 6K. In July 2020 Galp said it would invest up to €20 million over five years in the Energy Impact Partners (EIP) platform, with five years of exclusive Iberian access to the EIP network.
PORTFOLIO (3)
- VerdagyNOTABLEClimate & Energy · since 2023
- 6KClimate & Energy
- Energy Impact Partners (EIP platform, fund commitment up to €20M over 5 years)since 2020
Links
Frequently asked questions
Galp (corporate venture capital) is a corporate venture arm based in Lisbon, Portugal.
Yes. Galp (corporate venture capital) invests its own capital in private companies. It also commits capital to third-party funds as an LP.
Galp (corporate venture capital) invests in Climate & Energy.
Galp (corporate venture capital)'s investments include Verdagy, 6K and Energy Impact Partners (EIP platform, fund commitment up to €20M over 5 years).
The most recent publicly reported investment by Galp (corporate venture capital) is Verdagy, announced in Aug 2023.
No. Galp (corporate venture capital) invests its own capital and does not raise money from outside investors.