DNV GL seeks energy transition and 4IR startups


Risk management firm DNV GL has launched a new venture fund as part of efforts to address challenges related to the energy transition and fourth industrial revolution.

DNV GL Ventures will partner with between 15 and 20 startups within the next four years to address challenges of the ‘decade of transformations’.

DNV GL will take stakes of up to 20% in the startups.

Startups in the energy, maritime, automotive, food and beverage sectors and those with solutions that can help boost customer trust and supply chain transparency are invited to submit a 90-second video pitch.

Shortlisted startups will be contacted within fifteen days, will receive capital, as well as access to DNV GL’s wide spectrum of technical expertise, a customer base of 100 000 clients and brand value.   

Klas Bendrik, chair of DNV GL Ventures investment committee, said: “We have entered a decade of transformation where the pace of the energy transition will be set and digital technologies underpinning industry 4.0 will mature from experimentation into a large-scale application.  Therefore, operating like it is business, as usual, is not an option.”

“Startups will have enough time in the future to make PowerPoint presentations, we want them to be focused on developing their product and building their customer base.  The video pitch is an opportunity to demonstrate their business case in a way that is time-efficient for both parties,” said Kaare Helle.

Find out more about DNV GL Ventures here.

Startups who meet the investment criteria are invited to send their pitches directly to Kaare kaare.helle@dnvgl.com