Digital health is not disappearing as a market but will get a “harsh reality check” says the head of the MSD venture unit.
Month: January 2024
Walmart shutters incubation unit
The US retail chain operator’s seven-year-old Store No 8 is ceasing operations and its head, Scott Eckert, is exiting the firm.
Value of corporate-backed start-up funding deals falls 43%
• Corporates invested 43% less capital in startup funding rounds in 2023 compared with the previous year.
• The number of active corporate investors fell by 17%, as many opted to wait out poor market conditions.
• The number of corporates taking LP positions in VC funds fell to its lowest level in a decade.
PcComponentes launches $2m CVC fund
YF Strategic Insights will be managed by the company’s parent firm, YF Networks Group, joining sister unit PcComponentes Startup Booster.
CVCs are ready to meet growing expectations
There are signs that the investment market may resettle in 2024 and CVCs are emerging from this rocky period stronger than when they entered it.
CVCs must show how they differ from VCs
Corporate investors backed 27% fewer funding round in 2023, but CVC units are increasingly resilient and sophisticated in strategy.
The Big Deal: Why Aira believes heat pumps can become a €150bn market
Statkraft has contributed to a series B round for Aira, which is tackling a heat pump market CEO Martin Lewerth believes can reach €150bn in size every year.
Japan’s J Front Retailing forms venture fund
The Japanese department store chain owner has partnered with Ignition Point, which already manages the corporate’s JFR Mirai Creators Fund.
Galitzer joins Koch’s US CVC team
Koch Disruptive Technologies has promoted Israel-based director Jon Galitzer to a US managing director role.
Bosch Ventures hires Christian
Corey Christian has joined Robert Bosch’s CVC unit as an investment director, where he will focus on US east coast deals.
Brillault bids adieu to Aliad
After a decade at Air Liquide in various roles, most recently managing director for its CVC unit, Vincent Brillault joined Audacia.
Taiho leans in with fresh $100m as other oncology investors retreat
Biotech venture capital is shrinking from boomtime highs, but Sakae Asanuma, CEO of Taiho Ventures, says now is a good time to find new novel treatments to back.
Saudi Aramco injects $4bn into its CVC unit
Oil and gas conglomerate Aramco Oil Company has injected an extra $4bn into Aramco Ventures to further push development in disruptive technologies.
Shukla progresses at Prosperity7 Ventures
Abhishek Shukla has been promoted from partner of enterprise, infrastructure and deep tech investments to managing director at Prosperity7 Ventures.