John Egil Johannessen, investment director at Norway-based oil major Equinor’s corporate venture capital unit, has moved to take a similar role at Nysnø Climate Investments, a state-owned investment fund set up as a commercial company to invest in technologies that reduce greenhouse gas emissions. At Equinor, his deals had included Norway-based underwater imaging company Ecotone,… Continue reading Norway shuffles staff from Equinor to Nysnø
Month: September 2019
Hayes promoted to CIO at BP Ventures
David Hayes has been promoted to chief investment officer and managing director (Americas) for BP Ventures, the corporate venturing unit of the UK-listed oil major. Hayes had previously spent a decade at BP Ventures and has worked at the oil major since 2002. His promotion comes after a similar reorganisation elsewhere for BP Ventures over… Continue reading Hayes promoted to CIO at BP Ventures
Goodman heads to Stryber via Metro
Garan Goodman, managing director at Germany-based retailer Metro’s accelerator, will later this month join Stryber to develop the Switzerland-based firm’s corporate venturing building programme as an associate partner. At Stryber, Goodman will work with companies, such as Migros, in the DACH (Germany, Austria and Switzerland) region to develop new business models and products. The Metro… Continue reading Goodman heads to Stryber via Metro
Parkman strolls into Samsung Catalyst as team expands
Barrett Parkman has joined South Korea-based conglomerate Samsung’s US-based Catalyst Fund as director of its startup and venture capital (VC) ecosystem. Catalyst is Samsung Electronics’ $500m evergreen multi-stage corporate venture capital fund investing globally in the data economy and core technologies in new Samsung business areas. Catalyst complements Samsung’s other corporate venturing units, including Samsung… Continue reading Parkman strolls into Samsung Catalyst as team expands
Revelo revs up with more Seek funding
Existing backer Seek returned for a $16.8m round led by IFC that will support technology development and international growth.
Vertex veers to Semma for $950m acquisition
Novartis, Medtronic and SinoPharm will exit the stem cell-based diabetes therapy developer in an acquisition by Vertex Pharmaceuticals.
Druva begins drawing up IPO plans
The cloud security platform developer, valued at more than $1bn, is eyeing an offering that will take place after 2019 and give NTT a chance to exit.
Carroll retires from Lilly after two decades
After 22 years at Eli Lilly that included laying the groundwork for its corporate venturing activities, senior vice-president of corporate business development Darren Carroll is retiring.
Naspers to make ElasticRun in $55m round
Logistics service provider ElasticRun is in talks with the corporate to raise $50m to $55m in a round that would value it at about $250m.
Loebermann leaves Altana for DP Polar
Loebermann has left his position as head of corporate venturing for chemicals provider Altana for a managing director role at DP Polar.
Takeda finds rich pasture with Meadows hire
Takeda subsidiary Hatch has promoted entrepreneur in residence Bruce Meadows to head of investments.
Uhuru to pursue $50m in London IPO
The SoftBank, NEC, Salesforce, Mitsui, NGK Spark Plug and Dentsu-backed IoT orchestration software provider is reportedly seeking a valuation higher than $270m in the offering.
Taiwan Life ties $50m to BVP Century Fund
Taiwan Life has provided capital for Bessemer Venture Partners’ Century Fund, one of a range of fund investments it has made in 2019.
Mahindra & Mahindra collects Meru Cabs
Mahindra & Mahindra has agreed to buy a 55% stake in BCC-backed Meru Cabs for $14.5m, in a deal that could reach more than $28m in total.