The UK port operator is taking its first steps into corporate venturing by considering equity stakes in startups in return for discounted leases and other fees at its ports.
Month: September 2024
Skoglund joins corp dev at fuel transportation business Fairwater
Trish Skoglund joins the recent joint venture between Crowley and Seacor, two maritime logistics companies, as head of corporate development.
Fewer but bigger exits for corporate-backed startups in August
In August, we saw 25 corporate exits, a 19% drop from August last year, though total capital raised hit $3.97bn, up 34% year on year.
Sabancı uses VC arm to push into the US renewables market
Sabancı is building a multi-gigawatt renewables portfolio, and Sabancı Climate Ventures is helping find US and European start-up technologies to plug in.
Italian bank Sella loses corporate venturing head
Luca Zabaione, who was with Banca Sella for 14 months, will be senior investment manager for VC group CDP’s Digital Transition Fund.
CVC rounds in Japan and India rise in August
Corporate-backed startup funding rounds more than tripled year-on-year in Japan — CVC rounds have been steadily increasing in the country for the past year.
Aviva Ventures to help deliver UK pension VC investment reform
The UK insurer’s CVC team, headed by Ben Luckett, has joined Aviva Investors’ newly formed venture and strategic capital function.
The CVC industry is set up for women and minorities to fail. This is how we change it.
Nichola Bates, head of Boeing’s global accelerators and innovation programs, is taking radical steps to improve the gender balance of corporate venturing: she hires only women for her team. And it’s not the only way she is shaking things up.
Insurance companies back PruVen Capital’s new $379m fund
PruVen Capital’s first fund had one corporate backer. Its second sees contribution from multiple insurance companies.
Former Allianz X analyst Buchinger joins Rethink Ventures
Michael Buchinger is joining Rethink Ventures after more than three years with German financial services firm Allianz’s CVC.
The three things that long-lasting CVCs do differently
“Resiliency-phase” units move away from CEO supervision, invite business units onto the investment committee and make multiple investments in other venture funds.
Intel’s startup accelerator Intel Ignite to close
The Israel-based startup accelerator run by the US multinational technology company is closing to cut costs.
Wierenga made head of venturing at animal feed maker Nutreco
Maarten-Yan Wierenga is now leading corporate venturing at Dutch animal food producer Nutreco, following a period spent as interim head.
Lickfett made VP of breakthrough innovation at drinks maker Diageo
Benjamin Lickfett is also head of Diageo’s incubator, Fusion Partnership Lab.