Chevron launches $90M VC fund

California-based Chevron Corp.’s (NYSE: CVX) venture capital arm launched it’s seventh fund March 28.

Houston-based Chevron Technology Ventures LLC started Fund VII with $90 million, according to a company press release. That money will fund venture capital investment throughout the energy industry, going after early- to midstage companies and limited partnership funds, according to the press release.

The fund is meant to find technologies that can eventually produce improvements to Chevron’s core…

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