Kevin Rodrigues will take over the Europe-related duties from fellow managing director Sophia Nadur, who will focus on the global south.
Month: April 2024
Kodama bids 31Ventures farewell
Takeshi Kodama, formerly executive manager at Mitsui Fudosan’s CVC unit, will now lead the property developer’s business development team.
Auto investors shift focus to startups that make EVs cheaper to own
Amid declining sales of electric vehicles investors are searching for technologies that lower the cost of buying and owning EVs.
Thai food company Betagro launches CVC
Betagro Ventures will invest in early-stage startups focusing on foodtech and agritech sectors.
OpenAI Startup Fund raises $15m
The $15m was raised by two unnamed investors and transferred to the fund through a special purpose vehicle associated with OpenAI Startup Fund.
Tencent bets on China’s growing healthcare needs
Around 11% of Tencent’s startup investments have been in the healthcare sector over the past five years as the internet company diversifies.
Global Founders Capital becomes the CVC arm of Rocket Internet
The German VC group, which operated independently with two $1bn funds, now has $322m from Rocket Internet’s balance sheet to invest.
Moonly to head CVC operations at WL Gore & Associates
Scott Moonly will lead the advanced materials producer’s healthcare fund, sustainability fund and internal ventures.
Real estate developer Tokyu Land backs university deeptech fund
Japan’s Tokyu Land joined the Tokyo Metropolitan Government to back University of Tokyo’s third investment initiative, ASA Fund.
Matsuoka promoted at Astellas Discovery Accelerator
Hideaki Matsuoka, formerly venture unit head at the pharmaceutical firm’s accelerator programme, has become head of ideation and creation.
The new wave of insurtech startups wants to partner, not disrupt
The first wave of insurtech startups hit the wall trying to fight the industry’s biggest players. Now, insurance CVCs say they’re seeking the ones embracing a partnership model.
Oman-based ITHCA Group invests in Middle Eastern VC fund
The $180m fund invests in technology companies primarily in Oman and the broader Middle East region.
China electricity company CLP backs energy-focused VC fund
CLP has invested in Future Energy Ventures Fund II to accelerate digital solutions for the energy transition.
Cybersecurity firm Bitdefender launches CVC
Bitdefender Voyager Ventures will invest in cybersecurity, data analytics and AI-focused startups.