Corporate venturing veteran Julien Cristiani will lead Europe and Israel investments for Schneider Electric’s $1bn investment arm.
Month: March 2023
CVC takes a larger role in corporate innovation spend
The majority of the top 100 US companies in the Fortune 500 list have active CVC units. But what will it take to move the needle further?
South Korea’s innovation ecosystem is on fire
South Korea’s innovation economy is outperforming countries like France and Germany and corporate investors are playing a key role.
The Big Deal: Droit takes advantage of a new fintech market
UBS and Goldman Sachs were part of a $23m round for Droit, which is expanding its regulatory compliance product to wealth management in a risk-conscious financial sector.
Deal Roundup: Yongrenxin Medical pumps in $100m
Sinovac Biotech led Yongrenxin Medical Instrument’s $100m series A round while Sanofi Ventures co-led QurAlis Corporation’s $88m series B.
Møller moves to ABB Electrification
Corporate venturing veteran Mads Møller has joined ABB electronification as head of ventures and group vice president.
MentorShow closes $15.8m series A to bring famous experts to your screen
The “edutainment” company will use the new money to expand to new markets and bring more high-profile experts to give masterclasses.
Deal Roundup: ZKH Group files for $200m listing
Corporate-backed ZKH Group has filed for a $200m IPO in New York while The Believer Company launched with $55m from investors including Riot Games.
How to manage your corporate investment portfolio in a downturn
Intel Capital, Echo Health Ventures and Fenwick & West shared advice on how to prep an investment team for a tough funding climate.
Spin to win: Why Boeing spun out its venture unit
It was through crisis that Boeing’s CVC unit had to spin out nearly two years ago, but now it gets to have its cake and eat it, too.
Deal Roundup: Rapport emerges with $100m
Johnson & Johnson took part in Rapport Therapeutics’ $100m series A round whole Altria divested a stake in Juul once valued at $12.8bn.
Koch joins RTL Ventures
RTL Deutschland senior VP Beate Koch has joined its new CVC arm, RTL Ventures, to focus on the consumer ecosystem in the DACH region.
Salesforce Ventures launches new $250m fund for generative AI
Salesforce is integrating generative artificial intelligence across its customer relationship management platform and its venture unit is getting in on the act.
Women emerging in Indian corporate venturing
As India’s startup ecosystem takes off, women are becoming more prominent as both founders and investors.