The smartphone maker has launched a $29m VC and consulting business subsidiary based in the Chinese city of Chongqing.
Author: Edison Fu
Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
Interview: Merck fund’s rolling thunder
William Taranto spoke about his near decade at Merck Global Health Innovation Fund and how corporate venturing has evolved in that time
Inner Loop Capital joins Syndicate Fund
Inner Loop Capital has raised $2.6m from investors including Bloomberg Beta for Syndicate Fund, which invests in cybersecurity and enterprise technology startups.
Intel fires up Ignite in Israel
The chipmaker will choose 10 to 15 pre-seed developers of artificial intelligence, autonomous and data technologies based in Israel to participate in the accelerator.
Capgemini Ventures captures $102m fund
Capgemini’s corporate venturing unit has partnered venture firm ISAI to set up a $102m fund dubbed ISAI Cap Venture to target early-stage B2B software startups.
Crane crowns $90m close for first fund
The venture capital firm’s inaugural early-stage fund, Crane I, has reached its $90m hard cap with contributions from LPs including MassMutual Ventures, with which it has established a strategic alliance.
Wavemaker drifts to $60m close for third fund
Keppel is among the limited partners in the VC firm’s Southeast Asia-focused third fund, which has achieved a $60m first close on its way to a $100m ceiling.
Creema tops up with $10m
KDDI and SMBC have returned to back a $10m round for artisanal e-commerce platform Creema alongside fellow corporates Japan Post, Mixi, SBI and Mitsui Fudosan, almost doubling its overall funding to $21m.
Comcast Ventures casts principal roles
Comcast’s corporate venturing arm has expanded its investment team with three principals: Fatima Husain, Adam Spivack and Sheena Jindal.
SoftBank recruits senior managers for Latin American fund
SoftBank has selected four senior management members – Chris Cooper, Patricia Menendez-Cambo, Francisco Sorrentino and Lee Bocker – for its Latin America Fund, SBGI subsidiary and new entity SoftBank Tech Hub.
Interview: Tony Askew, REV Venture Partners
REV Venture Partners’ Tony Askew spoke to Global Corporate Venturing about Relx’s corporate venturing strategy over the years.
WTW to broker corporate venturing deals
Willis Towers Watson has created a corporate venturing subsidiary, WTW Strategic Ventures, and a new group, the Growth Board, to make strategic investments in startups.
Corporates to shake up SaaS startups
Auth0, CircleCI and Stripe have jointly launched a support scheme dubbed Go_SaaS to help startups promote software-as-a-service platforms.
Toyota AI Ventures calls on Keller
Erin Keller, formerly a senior associate at Yamaha Motor Ventures & Laboratory Silicon Valley, has joined Toyota AI Ventures in a similar role.