July 10, 2019 |
YPF Ventures, billed as Latin America’s first energy-focused corporate venture fund, hopes to invest up to $75m annually in the region’s energy and transport startups, sources close to the company told LatinFinance.
The fund will earmark $4m to $5m to invest in about 15 targets a year, the sources said.
YPF Ventures runs early-stage and growth-stage funds. The goal is to help innovative U.S. energy firms expand in Latin America, while helping regional companies in clean technology to expand.
Fund to pursue early-stage, growth-capital investment strategy