Sailors SocietyTBA GroupBühler GmbHTOC EventsPort of StocktonCimbria
  • Cimbria
  • TOC Events
  • The Wolfson Centre for Bulk Solids Handling Technology
  • Telestack
  • Sailors Society
  • Port of Stockton

DNV GL launches “decade of transformations” fund

(Posted on 02/03/20)

DNV GL, the risk management and system assurance company, has launched a venture fund in response to the challenges of the “decade of transformations,” which will be defined by the energy transition and the fourth industrial revolution. DNV GL Ventures will build a portfolio of between 15-20 startups in the next four years, taking stakes of up to 20% in the companies.

“We have entered a decade of transformation where the pace of the energy transition will be set and digital technologies underpinning industry 4.0 will mature from experimentation into large-scale application. Therefore, operating like it is business as usual is not an option,” said Klas Bendrik, Chair of DNV GL Ventures investment committee and DNV GL’s Chief Digital Transformation Officer. “The launch of DNV GL Ventures is an acknowledgment that even a company of experts like ours must look beyond its own four walls to stay relevant.”

DNV GL’s Energy Transition Outlook forecasts a rapid decarbonization of the global energy system and by midcentury fossil fuels and renewables will almost equally share the energy mix. DNV GL’s services are already reflecting this shift and since the new year DNV GL has announced it will monitor the largest solar farm in Europe and launched FuelBoss, a platform that facilitates LNG bunkering for ships. DNV GL has also explored how industry 4.0 is likely to impact society and industry in its recent publication Technology Outlook 2030, which examines subjects as wide as precision medicine and the new space race.

With these factors in mind, DNV GL Ventures is looking to invest in companies that reflect these important transformations. Although DNV GL Ventures has a wide remit, it will also focus on DNV GL’s strong industry categories, especially the maritime and energy sectors. DNV GL is also a leading certification body and has developed digital solutions and ecosystems together with the blockchain technology provider VeChain, in which DNV GL bought a stake in 2018. The venture fund will continue to explore opportunities that boost customer trust and supply chain transparency, particular in the food & beverage, healthcare and automotive sectors.

DNV GL Ventures will invest in startups in the seed to series A phase, meaning they have their first customer or in other ways validated their product-market fit. In addition to capital, the startups will gain access to DNV GL’s wide spectrum of technical expertise, customer base of 100 000 clients and brand value.  

“With our purpose to “safeguard life, property and the environment” and deep technical expertise we offer an alternative investment option than traditional investors,” said Kaare Helle, Venture Director at DNV GL Ventures. “Over the last 150 years we have accumulated a massive amount of knowledge and a customer base to match, and any startup we invest in will be able to tap into this.”

DNV GL Ventures calls for 90 second video pitches

In keeping with the rapid pace of change, DNV GL is inviting startups to send their ninety second video pitches directly to the venture team. Each video will be reviewed, and feedback given within fifteen working days.

“Startups will have enough time in the future to make PowerPoint presentations, we want them to be focused on developing their product and building their customer base. The video pitch is an opportunity to demonstrate their business case in a way that is time efficient for both parties,” said Kaare Helle.

Latest News

Chevron keeps ships sailing amid VLSFO challenges

(Posted on 19/01/21)

Chevron Marine Lubricants has helped ship owner customers identify and manage a distinctive engine condition... Read more


Coles to leave Wallem

(Posted on 19/01/21)

The board of Wallem Group have announced that Chief Executive Frank Coles has resigned and will be leaving... Read more


Seanergy announces $179m restructuring

(Posted on 14/01/21)

Seanergy Maritime Holdings Corp. has announced that it has reached final agreements with certain of... Read more


IOMSR seafarer welfare app goes live

(Posted on 14/01/21)

The Isle of Man Ship Registry has formally launched the first ever seafarer welfare app designed by... Read more


DNV GL to change name to DNV

(Posted on 13/01/21)

DNV GL, the assurance and risk management company, will change its name to DNV on 1 March 2021. The... Read more


Yxney Maritime and Inmarsat agreement

(Posted on 10/01/21)

Norwegian-based scale-up Yxney Maritime and Inmarsat, the world leader in global, mobile satellite communications... Read more


ClassNK advises early BWMS installation

(Posted on 10/01/21)

Leading Classification Society ClassNK has been analyzing the retrofitting status of ballast water management... Read more


Cybersecurity to remain a threat in 2021

(Posted on 05/01/21)

The maritime industry will remain a target of cyber-criminals in 2021 and the world’s shipping... Read more


IOMSR appoints China representative

(Posted on 05/01/21)

The Isle of Man Ship Registry (IOMSR) has appointed its first permanent representative in China.Well... Read more


First shipment at Khalifa Port’s South Quay

(Posted on 28/12/20)

The first shipment, carrying bauxite, destined for Emirates Global Aluminium (EGA)’s Al Taweelah... Read more


TelestackCleveland Cascades LtdPort of Vancouver USAViganThe Wolfson Centre for Bulk Solids Handling Technology Port of South Louisiana
  • Port of Vancouver USA
  • Bühler GmbH
  • TBA Group

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping