Artificial intelligence is a game-changer in helping VC investors find investments. But corporate venture capitalists need lots of money, independence and discipline to take advantage of the technology.
Month: July 2024
Park to lead Naver’s CVC and accelerator unit
Yong-Jung Park, who spent six years as investment director at Naver, joined its D2SF unit to lead AI, consumer and enterprise software deals.
Suh leaves Hyundai Motor Group
John Suh, who helped launch CVC units Hyundai Ventures and Cradle, left the Korean carmaker after 13 years, without disclosing his next steps.
Lego Ventures veteran Fuhrmann-Breitholtz launches investment firm
Isa Fuhrmann-Breitholtz, formerly head of Silicon Valley Hub at toy producer Lego’s CVC unit, launched South Bay to back real estate startups.
Munoz returns to Hearst Ventures as MD
Hearst veteran Gabby Munoz, who was managing director at its strategic investment unit between 2019 and 2022, has rejoined the CVC team.
Fraud, debt and licensing: five reasons CVC-backed healthcare startups went bust
Alongside fintech and consumer startups, this sector has seen the most startups go into administration since 2022. These are some of the reasons why.
ABN Amro Ventures transfers portfolio to Motive Ventures
The Dutch bank took a “third option” when it no-longer made sense to keep the venturing arm in house.
Schmitt leaves CVC of German car parts maker Continental
Patrick Schmitt left German car parts producer Continental after two years as senior investment manager at its CVC group.
Rainmatter seeded India’s startup sector and now prepares for next act
Indian stockbrokerage Zerodha was one of the early entrants into the country’s startup ecosystem. Now, it says, the next big era of Indian CVC is coming.
EnBW New Ventures invests in climate VC fund
Venture firm Vireo Ventures has received an undisclosed sum from the utility’s CVC unit, representing the latter’s second fund investment.
Ex-American Family Ventures MD Johnson joins Cohen Circle
After six years at the CVC unit, Katelyn Johnson will be managing director at the investment firm where she will focus on fintech deals.