Edison Fu – Page 13

Daiwa House builds a CVC unit

Person Holding Grinder

The construction firm’s Daiwa House Ventures is reportedly part of a $202m startup support initiative that will start early next year.

Entrepreneur Media launches CVC fund

Jonathan Hung, general partner, Entrepreneur Ventures. Image courtesy of Entrepreneur Ventures.

The US publisher is also creating an angel network to help investors access deals.

Dos Santos joins Takeda Digital Ventures

Ricardo dos Santos headshot

CVC veteran Ricardo dos Santos has left ResMed and joined Takeda’s digital health investment arm as partner and head of its Venture Studio.

Patterson to bid Gradient Ventures farewell

Anna Patterson headshot

GCV Powerlist member Anna Patterson has announced her departure from Alphabet’s AI fund at the end of 2023.

Cohen joins Intel Capital Israel

Lisa Cohen, Intel Capital Israel partner

Lisa Cohen, who was a corporate venturer at Innogy Innovation Hub between 2016 and 2020, has taken up a partner role at Intel’s CVC arm.

Romanian bank BCR launches $5.5m CVC unit

The BCR Seed Starter team featuring Thomas Kolarik, vice president of IT and operations at BCR and chair of the board of directors at BCR Seed Starter (second from the left), and Carmen Dibus, CEO of BCR Seed Starter (second from the right). Image courtesy of LinkedIn.

BCR Seed Starter will invest about $545,000 per deal in startups working on banking processes, portfolio services and ESG initiatives.

Morgan Stanley targets underrepresented founders with $50m Next Level Fund

Alice Vilma, co-head and co-portfolio manager for Morgan Stanley Next Level Fund

Corporates Hearst, Microsoft, Walmart and Altria are LPs in the fund, which has already invested in nine diverse companies.

Generali Ventures launches $266m fund

The CVC unit’s $266m fund will focus on insurtech and fintech startups, having backed three VC funds: Mundi Ventures, Speedinvest and Dawn.

WeBuy Global IPOs and Payzer is acquired: October Roundup

WeBuy Global and J&T Global Express announce IPOs, Payzer is acquired and news funds launched.

Mandiri to launch Global Climate Tech Fund

Left to Right: Tomy Yunus (Co-Founder and CEO of Cakap), Eddi Danusaputro (CEO of Mandiri Capital Indonesia)

Over a third of Mandiri Capital Indonesia’s Global Climate Tech Fund’s capital will go to local climatetech developers.

Walmart tests virtual commerce with new web3 accelerator

The 12-week programme will start with five startups focused on decentralised commerce, marketing, advertising, payment and the metaverse.

Shang Qi Capital powers up with $576m

Shangqi Huirong Shangcheng Yihao Industry Fund’s second close counts SAIC Motor Financial Holding Management unit among its LPs.

Suratman bids farewell to MDI Ventures

Amiyandra Suratman has left Telkom Indonesia’s CVC unit and joined 1982 Ventures as regional platform and ecosystem lead.

Visa launches $100m generative AI fund

The firm’s CVC unit, Visa Ventures, will lead the new fund, which will focus on B2B fintech and data technology companies.