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Riviera: New venture fund to help DNV GL prepare for the future


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Riviera: New venture fund to help DNV GL prepare for the future

Business

Category: Business News

DNV GL has created a venture fund, DNV GL Ventures, which will build a portfolio of between 15-20 start-ups in the next four years, taking up an equity stake of up to 20% in the companies.

DNV GL chief digital transformation officer Klas Bendrik said the challenges of the coming decade mean “operating like it is business as usual is not an option.”

“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,” adding “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.

Read entire article HERE.

Source: Riviera

Published: March 4, 2020