Loïc Raynal, investment manager at EDF Pulse Ventures, a corporate venture capital (CVC) subsidiary of France-based energy group EDF, has joined local private equity firm Eurazeo in a short-term placement.
Raynal said: “I am actually both within the VC team in Eurazeo for a few months and staying in EDF’s CVC.”
Such moves are often a precursor to a corporate setting up a similar investment operation as well as bringing about closer partnership between portfolio companies and the parent corporation, though Raynal declined to comment.
EDF Pulse Ventures teams has been one of France’s most active CVC units in climate technology, investing in Enerbrain, Persefoni and Algar in 2021 and backing funds for HY24 and Energy Impact Partners.
Since its formation in 2017, the unit has invested more than €270m ($300m) in startups and seeks to build links between portfolio companies and EDF’s decarbonisation services.
