Eneco, a Netherlands-based energy company is preparing to back later-stage companies next year after two senior hires in the summer.
Eneco hired Yme Bosma, as its head of corporate venturing, and Joeri Kamp, as managing director of ventures and innovation, in June 2016.
The moves took place about a year after the company reserved €100m ($111m) to build up a strategic venture portfolio, with deals including Triggi, Quby, Nerdalize, Peeeks, Roamler Tech, Luminext and Simaxx, all relatively smaller companies.
An insider said: “For the new year the focus will be on a bit more mature companies as we believe that Eneco is better equipped as a shareholder to support scaling (for example by offering access to our customer base or by being a large customer ourselves)”.