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…

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