The CICC Porsche (Shanghai) Venture Capital fund, whose size is reportedly $118m, will target energy and connected vehicles in China.
Month: June 2024
Japan’s Yamato launches second startup fund
Kuroneko Innovation Fund 2 has $51.5m in capital to continue to invest in strategic areas like cleantech, spacetech, fintech, robotics and AI.
Europe’s Cyber Valley wants to make its alternative AI approach global
For eight years, Cyber Valley has been linking German AI and robotics researchers and spinouts with corporate partners, but a partnership with UTokyo IPC is the first step to it going global.
Hosomura leaves Salesforce’s CVC unit
CVC veteran Takuya Hosomura, who spent a combined eight years at Rakuten Capital and Salesforce Ventures, joined Global Brain as a partner.
First rise in US corporate-backed startup funding rounds for two years
Corporate funding for startups is rising globally as well, with sectors such as as cybersecurity and healthcare seeing the most activity.
Bouchet advances at TDK Ventures
After three years at the Japanese electronics group’s CVC unit, Marc Bouchet got promoted for a second time to senior investment associate.
Trauer to lead Telefônica Brasil’s CVC units
Phillip Trauer, who spent seven years at Valor Capital Group, comes in following the departure of Gabriela Toribio earlier this year.
Hakluyt Capital exceeds $50m for first fund
The new fund has already made nine investments in growth-stage companies.
Cisco Investments launches CVC’s first $1bn AI fund
Cisco’s artificial intelligence fund is double the size of similar initiatives for Salesforce Ventures and IBM Ventures, hailing another step in the AI boom.
Ambrosini promoted at Best Nights
After a year and a half, Bianca Ambrosini is now an investment associate at German alcohol producer Mast-Jägermeister’s CVC subsidiary.
A2A launches 360 Life II
As part of its new 2035 Industrial Plan, A2A has joined forces with 360 Capital again for a second CVC fund on its way to a $217m target.
JA Green targets $100m for CVC fund
The lobbying firm’s Anzu-Green Critical Technologies Fund will back defence technology startups and help them work with the US government.
Can virtual therapy tools help people stop drinking?
With the need for alcohol addiction treatment far outstripping supply, US startup Monument believes it can help fill the gap with an online platform.