Comment by rmbyrro
2 years ago
What is NL, the Netherlands?
One of the largest investors in a given location might not be "top-tier" in the overall VC market.
2 years ago
What is NL, the Netherlands?
One of the largest investors in a given location might not be "top-tier" in the overall VC market.
Yes, but it is not a VC. If they would, measured by asset size they would easily fit in the top-10 VCs of the US (United States).
It is not about asset size only but real experience and a portfolio leading rounds.
Sounds like those "corporate VC-sounding but not really VC-operating accelerator" investment programs some larger corporates have. Their goal seems to be funding technology development aligned with their interests, few to no strings attached, with the potential for the occasional moonshot.
If successful, acquire before any competitors even fully understand the potential. Worst case they hire the top talent if the venture fails. See Shell GameChanger[0] for an example.
[0] https://strategos.com/cases/shell-gamechanger/