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Shell Ventures company logo
Corporate Venture
shell.com/shell-ventures

Investments

173

Portfolio Exits

18

Partners & Customers

10

About Shell Ventures

Shell Ventures invests in companies across the energy sector to speed up the development and deployment of technologies complementing Shell's business.

Headquarters Location

Carel van Bylandtlaan 16

The Hague, 2596 HR,

Netherlands

+31 70 377 9111

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Latest Shell Ventures News

Martin joins Shell Ventures

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.

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Shell Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/6/2023

Series A

Princeton NuEnergy

$16M

No

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

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10

8/8/2023

Series B

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$99M

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10

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

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Amount

$16M

$43M

$99M

New?

No

No

No

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Co-Investors

Sources

2

5

2

10

10

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

$99M

2

4/25/2023

Acquired

$99M

1

9/22/2022

Acquired

$99M

6

8/29/2022

Acquired

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$99M

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10

5/11/2022

Acquired

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$99M

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10

Date

9/25/2023

4/25/2023

9/22/2022

8/29/2022

5/11/2022

Exit

Acquired

Acquired

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

2

1

6

10

10

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 partners with CNOOC, Guangdong Government, ExxonMobil on offshore carbon capture and storage hub in 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

China

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10

6/18/2019

Client

Japan

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10

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

China

Japan

News Snippet

Shell partners with CNOOC, Guangdong Government, ExxonMobil on offshore carbon capture and storage hub in China

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 .

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Sources

1

1

1

10

10

Shell Ventures Team

3 Team Members

Shell Ventures has 3 team members, including current Founder, Chief Investment Officer, Robert M. Linck.

Name

Work History

Title

Status

Robert M. Linck

Founder, Chief Investment Officer

Current

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Name

Robert M. Linck

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Work History

Title

Founder, Chief Investment Officer

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Status

Current

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