Chevron Technology Ventures Launches Venture Capital Fund and 2 Other Dow Movers to Watch
Chevron Corp. (NYSE:CVX): Current price $123.41
Chevron Corp’s business segment Chevron Technology Ventures LLC has launched a venture capital fund that is worth $90 million. The CTV Fund V marks the fifth of its kind since 1999, and is aimed towards early to mid-stage businesses, along with limited partnership funds. The fund will concentrate upon those firms that develop upcoming tech, and can assist Chevron in improving its businesses and examining new options. CTV is one of the three technological units of Chevron that are responsible for providing the it with cutting-edge technologies for its businesses. CTV currently holds 37 businesses in its portfolio.