Energy utility Fortum is putting $170m into venture firm Valo Ventures, which was founded by CapitalG alumnus Scott Tierney.

Finland has seen two corporate venturing approaches to corporate impact investments through the creation of a venture capital firm and accelerator. Finland-based electricity producer Fortum has committed to provide €150m ($170m) for Valo Ventures, US-based venture capital firm founded in the summer by Scott Tierney, a former partner at CapitalG, the corporate venturing arm of…

The rest of this content is only accessible to Global Corporate Venturing Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.