Energy Technology Incubator Fund
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Overview
BBL Ventures is a disruptive incubator fund and innovation partner for the energy and natural resources industries – seeking $60 million.
- Spans the energy, industrial and natural resources sectors
- Investment strategy is informed by pain-point mapping process with energy industry clients
- Early-stage investments as an asset class continue to outperform other categories
- Management believes that Energy Tech is the next exciting VC sector
- Houston has incredible potential as an innovation and startup capital
- Digital transformation is a key initiative across the industry
- Energy industry needs innovation partners and emerging startups to execute this transformation
- Experienced management team led by Patrick Lewis – Co-founder of vLAB, president and Chair of the Technology Investment Committee and co-chair of the Energy Investment Committee of the Houston Angel Network with over twenty years in energy and technology private and public equities
Key Differentiator: BBL mitigates risk by aligning predetermined client needs uncovered via interviews and proprietary pain-point mapping software with investments in solutions the industry needs to buy
Opportunity
BBL Ventures sits at the epicenter of several important trends
- Early-stage investments as an asset class continue to outperform other categories
- Energy Tech is grossly underfunded
- Exciting opportunity in venture capital
- Houston has incredible potential as an innovation and startup capital
- Digital Transformation is a key initiative – the energy industry needs innovation partners and emerging startups to execute
Solution/Strategy
- Become the global leader in early-stage energy tech investment
- Pipeline of 85+ startups
- Engaged with ExxonMobil, Chevron, Shell, BP, Saudi Aramco, OXY, Anadarko, EQT, Conoco Phillips, Hess, Equinor
- Operating partnerships with Station Houston and Rice University
- Established initial Advisory Board
- $50 million fund with a $60 million cap
- First close expected in Q3 2019
- Expect to invest in ten deals per year, pre-seed + seed
- Identify potential Early Stage Existing Energy startups
- Use proprietary pain-point mapping software to provide unique insights into energy companies and inform/de-risk investment decisions
- Consult and advise industry leaders with pain-point mapping
- Planning to build an In-House Prototyping Lab designed for Energy software and hardware technologies
- Lab will be a great addition to growing Houston startup ecosystem and will be available to all companies in the program and corporate partners
- Accelerate exits through in-house implementation and adoption support that scales startups
Management
Patrick Lewis
Managing Partner
Co-founder of vLAB. President and Chair of the Technology Investment Committee and co-chair of the Energy Investment Committee of the Houston Angel Network (HAN). Previously Chief Strategist at ETR&D. Over twenty years in energy and technology private and public equities. Holistic perspective to investing in emerging, disruptive technologies.
Jonathan Dison
Managing Partner
Recognized leader in the consulting industry. Founder of LightRock Consulting, a change management firm that helped oil and gas clients accelerate adoption of large-scale projects totaling more than $750 million, with $6 billion in value creation and 1 million users impacted. Clients include Halliburton, Waste Management, Cameron, Exelon, China National Petroleum Co., Spectra Energy, Bunge, Globe Energy Services and ECOM Trading.
