This morning Chilean company Copec announced a corporate venture capital (CVC) fund, dubbed Wind Ventures. Wind will write checks worth between $1 million and $10 million into Series A, B, and C rounds, with an eye on startups that fit into the categories that its parent company works in, namely energy, retail, and mobility. According to Wind Ventures' head, Brian Walsh, the CVC intends to "balance [its] investments across those three sectors," including putting money to work in tech that its parent firm Copec works with today, and "technologies that Copec is not currently involved in," citing hydrogen projects as an example.
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