GCV Emerging Leader David Li will help the Australian mining firm’s CVC unit identify energy, climate and mining startups.
Month: July 2024
Fast fashion company Shein to launch $271m CVC fund
The low-cost clothing retailer, which wants to list in London this year, will back European sustainable fabric companies through the fund.
Mexican and Chilean CVC-as-a-service firms join forces
Innova360 powered by Bluebox will have 35 team members and $15m distributed among eight corporate venturing funds across Latin America.
Big corporations need “fast, cheap and weird” experiments to survive
Elliott Parker argues corporates are bad at innovation because they’re optimised for efficiency. Here’s what they should do instead.
Crypto trader Auros launches CVC unit
Julien Auchecorne will lead digital asset trading firm Auros’s Ventures unit, which has invested $15m in 14 companies since late last year.
Fujitsu becomes latest CVC to join Japan’s impact investment wave
Japanese companies operating in the EU become subject to sustainability reporting rules from next year. Many are using their CVC units to help meet targets.
Spanish travel firm HBX Group launches $54m CVC fund
The new fund will be part of the travel technology group’s TravelTech Lab subsidiary and invest in strategically relevant startups and funds.
McAlister leaves Cox Communications amid organisational changes
Jordan McAlister has left the US telecoms firm after nearly three years leading its venture and innovation strategy.
UK Labour party win: Promise of spinout support and a Great British Energy
The change in government in the UK could bring a bigger focus on boosting spinout numbers and more investment in electricity grid upgrades.
Suzuki launches $40m impact CVC unit in India
Next Bharat Ventures, led by Vipul Nath Jindal, has begun accepting candidates for its four-month accelerator programme.
Corporate-linked exits rise to the levels of Q1 2022
The second quarter of 2024 has seen a boost in corporate exits, a rise in corporate seed stage investing, and an increase in deals in the media sector.
UK property company Grosvenor invests in real estate transition VC Noa
Grosvenor has invested directly in startups but this is its first investment into a VC fund.
Krishnan to lead cleantech incubation for LG Nova
LG’s incubation unit hired Ramkumar Krishnan, who worked at multiple renewable energy companies, to identify cleantech opportunities.
Wyszynski joins Eneco Ventures as investment director
The former founder was an adviser to startups before taking on the new investing role.