Investments
13Portfolio Exits
2Partners & Customers
1About BP Alternative Energy Ventures
BP Alternative Energy (AE) Ventures is the strategic corporate venture capital arm of BP Alternative Energy. Its team focuses on three investment activities: investing in innovative cleantech companies and funds; investing in carbon offsets; and incubating proprietary cleantech R&D. The team was set up in 2006 and has since invested around $100m in 20 different cleantech and carbon ventures and funds. The aim is to invest a total of $150-200m by 2013. AE Ventures' investment focus is on early and growth stage companies across the world.
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Latest BP Alternative Energy Ventures News
Dec 18, 2012
Verdezyne Sells One of Its Technologies to DuPont Industrial Biosciences December 18, 2012 By Connie Loizos Verdezyne, an industrial biotechnology company based in Carlsbad, Calif., has sold its proprietary xylose isomerase technology to DuPont Industrial Biosciences for an undisclosed amount. Current investors in Verdezyne include BP Alternative Energy Ventures, DSM Venturing B.V., OVP Venture Partners and Monitor Ventures. PRESS RELEASE: Verdezyne, Inc., a privately-held industrial biotechnology company focused on producing renewable chemicals, announced the sale of its proprietary xylose isomerase technology, enabling the metabolism of 5-carbon sugars, to DuPont Industrial Biosciences, a world leader in science and innovation. Under the terms of the sale, DuPont has purchased rights to Verdezyne’s patented xylose isomerase technology, covered by U.S. Patent Nos. 8,114,974 and 8,093,037, for use in the rapidly-commercializing biofuels and biochemical fields. This technology allows the fast and complete utilization of biomass-sourced C5 sugars in production of various products of choice. This technological breakthrough was highlighted in a recent Journal of Industrial Microbiology & Biotechnology article published August 2012. “Verdezyne’s xylose isomerase technology has been shown to have superior performance compared to alternatives for converting 5-carbon sugar to fuels and chemicals,” said E. William Radany, Ph.D., president and CEO of Verdezyne. “We are pleased that a company of DuPont’s stature recognizes the value of our proprietary technology.” “Biomass bioprocessing is opening up unique market opportunities across a wide range of DuPont businesses and the Verdezyne technology is a natural fit for the company’s cellulosic portfolio,” said John P. Ranieri, vice president, DuPont Industrial Biosciences. “The addition of this leading xylose isomerase technology further strengthens DuPont’s leadership in biomass derived sugar conversion to biofuels and biochemicals.” About Verdezyne Verdezyne is an industrial biotechnology company using proven and proprietary metabolic pathway engineering tools to develop unique yeast strains for cost-effective production of bio-based chemicals. Current investors in Verdezyne include BP Alternative Energy Ventures, DSM Venturing B.V., OVP Venture Partners and Monitor Ventures. For more information, visit www.verdezyne.com . About DuPont Industrial Biosciences DuPont Industrial Biosciences works with customers across a wide range of industries to improve products and make processes more sustainable. Through a unique combination of capabilities in agriculture, biotechnology, chemistry and material science, coupled with the power of 2,000 talented individuals worldwide, this DuPont business focuses on providing biobased solutions to meet the needs of a growing population while protecting our environment. © 2015 Buyouts Insider / Argosy Group LLC
BP Alternative Energy Ventures Investments
13 Investments
BP Alternative Energy Ventures has made 13 investments. Their latest investment was in Modumetal as part of their Unattributed VC - V on June 6, 2015.
BP Alternative Energy Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/8/2015 | Unattributed VC - V | Modumetal | $33.5M | Yes | 3 | |
1/13/2015 | Series F | Chromatin | $12.03M | No | 1 | |
1/9/2014 | Series E | Chromatin | $36M | Yes | 4 | |
11/27/2013 | Debt - II | |||||
5/6/2013 | Series A |
Date | 6/8/2015 | 1/13/2015 | 1/9/2014 | 11/27/2013 | 5/6/2013 |
|---|---|---|---|---|---|
Round | Unattributed VC - V | Series F | Series E | Debt - II | Series A |
Company | Modumetal | Chromatin | Chromatin | ||
Amount | $33.5M | $12.03M | $36M | ||
New? | Yes | No | Yes | ||
Co-Investors | |||||
Sources | 3 | 1 | 4 |
BP Alternative Energy Ventures Portfolio Exits
2 Portfolio Exits
BP Alternative Energy Ventures has 2 portfolio exits. Their latest portfolio exit was GMZ Energy on May 19, 2015.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
5/19/2015 | Acquired | 1 | |||
Date | 5/19/2015 | |
|---|---|---|
Exit | Acquired | |
Companies | ||
Valuation | ||
Acquirer | ||
Sources | 1 |
BP Alternative Energy Ventures Acquisitions
1 Acquisition
BP Alternative Energy Ventures acquired 1 company. Their latest acquisition was Orion Energy on February 03, 2007.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
2/3/2007 | Acquired |
Date | 2/3/2007 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Acquired |
Sources |
BP Alternative Energy Ventures Partners & Customers
1 Partners and customers
BP Alternative Energy Ventures has 1 strategic partners and customers. BP Alternative Energy Ventures recently partnered with Sempra Energy on May 5, 2012.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
5/16/2012 | Partner | United States | BP and Sempra US Gas & Power announce plans to jointly develop Hawaii wind farm This stored electricity will help to regulate the intermittent wind power , providing a valuable source of grid stability for Maui Electric Company.In January 2012 , BP Alternative Energy and Sempra US Gas & Power announced an expansion of their strategic relationship by jointly investing more than $ 1 billion to build 560 MW of wind power . | 1 |
Date | 5/16/2012 |
|---|---|
Type | Partner |
Business Partner | |
Country | United States |
News Snippet | BP and Sempra US Gas & Power announce plans to jointly develop Hawaii wind farm This stored electricity will help to regulate the intermittent wind power , providing a valuable source of grid stability for Maui Electric Company.In January 2012 , BP Alternative Energy and Sempra US Gas & Power announced an expansion of their strategic relationship by jointly investing more than $ 1 billion to build 560 MW of wind power . |
Sources | 1 |
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