Investments
173Portfolio Exits
18Partners & Customers
10Latest Shell Ventures News
Nov 15, 2023
Martin joins Shell Ventures Nov 15, 2023 • Roshini Bains After spending a year as Baker Hughes' New Venture Group senior deal lead, Kai Martin has been hired by Shell Ventures as their new investment manager Kai Martin has been hired by Shell Ventures, the corporate venture capital arm of UK-headquartered oil and gas major. After spending nearly two years as the senior deal lead at Baker Hughes’s New Venture Group, Martin will now act as investment manager at Shell Ventures. Prior to this, he was strategic innovation and corporate development manager at Rolls Royce’s spinoff Anecome Aerotest. Founded in 1996, Shell Ventures invests in startups operating in oil and gas technologies and mobility solutions. The firm has close to 80 companies in its portfolio, such as AiDash, Asperitas and Li Industries. Baker Hughes’ New Venture Group is the corporate venture arm of US-based oil and gas equipment developer Baker Hughes. The corporation has invested in more than 60 startups including decarbonisation technology firm Levidian, which received $14.9m from Baker Hughes in 2022. Roshini Bains
Shell Ventures Investments
173 Investments
Shell Ventures has made 173 investments. Their latest investment was in Princeton NuEnergy as part of their Series A on November 11, 2023.
Shell Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
11/6/2023 | Series A | Princeton NuEnergy | $16M | No | Greenland Technologies, GS Futures, Honda Motor, Traxys, Undisclosed Investors, Wistron, and WorldQuant Ventures | 2 |
10/24/2023 | Series D | Husk Power Systems | $43M | No | 5 | |
9/20/2023 | Series C | X-CHARGE | No | 2 | ||
9/1/2023 | Seed VC | |||||
8/8/2023 | Series B |
Date | 11/6/2023 | 10/24/2023 | 9/20/2023 | 9/1/2023 | 8/8/2023 |
|---|---|---|---|---|---|
Round | Series A | Series D | Series C | Seed VC | Series B |
Company | Princeton NuEnergy | Husk Power Systems | X-CHARGE | ||
Amount | $16M | $43M | |||
New? | No | No | No | ||
Co-Investors | Greenland Technologies, GS Futures, Honda Motor, Traxys, Undisclosed Investors, Wistron, and WorldQuant Ventures | ||||
Sources | 2 | 5 | 2 |
Shell Ventures Portfolio Exits
18 Portfolio Exits
Shell Ventures has 18 portfolio exits. Their latest portfolio exit was Bluware on September 25, 2023.
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 |
|---|---|---|---|---|---|
9/25/2023 | Acquired | 2 | |||
4/25/2023 | Acquired | 1 | |||
9/22/2022 | Acquired | 6 | |||
Date | 9/25/2023 | 4/25/2023 | 9/22/2022 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 1 | 6 |
Shell Ventures Partners & Customers
10 Partners and customers
Shell Ventures has 10 strategic partners and customers. Shell Ventures recently partnered with ExxonMobil, and China National Offshore Oil on June 6, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
6/28/2022 | Partner | United States, and China | Shell Ventures partners with CNOOC , Guangdong Government , ExxonMobil on offshore carbon capture and storage hub in China . | 1 | |
3/21/2022 | Vendor | India | Detect Technologies Announces Global Agreement with Shell. CHENNAI , India , March 21 , 2022 / PRNewswire / -- Detect Technologies , a leading Industrial AI and SaaS enterprise , announces a global agreement with Shell Ventures to deploy their integrated AI solution -- T-Pulse ® across Shell Ventures operations . | 1 | |
7/16/2021 | Partner | Switzerland | Shell and MSC sign collaboration agreement on decarbonising shipping The partnership also offers an opportunity for Shell and MSC Mediterranean Shipping Company to work together to engage the industry and its stakeholders on strategic policy issues , bringing their dual perspectives with the purpose of enabling constructive dialogue and to accelerate decarbonisation in the sector . | 1 | |
7/12/2021 | Vendor | ||||
6/18/2019 | Client |
Date | 6/28/2022 | 3/21/2022 | 7/16/2021 | 7/12/2021 | 6/18/2019 |
|---|---|---|---|---|---|
Type | Partner | Vendor | Partner | Vendor | Client |
Business Partner | |||||
Country | United States, and China | India | Switzerland | ||
News Snippet | Shell Ventures partners with CNOOC , Guangdong Government , ExxonMobil on offshore carbon capture and storage hub in China . | Detect Technologies Announces Global Agreement with Shell. CHENNAI , India , March 21 , 2022 / PRNewswire / -- Detect Technologies , a leading Industrial AI and SaaS enterprise , announces a global agreement with Shell Ventures to deploy their integrated AI solution -- T-Pulse ® across Shell Ventures operations . | Shell and MSC sign collaboration agreement on decarbonising shipping The partnership also offers an opportunity for Shell and MSC Mediterranean Shipping Company to work together to engage the industry and its stakeholders on strategic policy issues , bringing their dual perspectives with the purpose of enabling constructive dialogue and to accelerate decarbonisation in the sector . | ||
Sources | 1 | 1 | 1 |
Shell Ventures Team
3 Team Members
Shell Ventures has 3 team members, including current Founder, Chief Investment Officer, Robert M. Linck.
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