Ionel Nechiti joined Saudi Aramco’s CVC subsidiary’s North American team led by managing directors Jim Sledzik and Daniel Carter.
Author: Edison Fu
Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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.
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.
Rösnick moves up at Wepa Ventures
Till Rösnick, who joined the paper towel producer’s CVC unit in 2020 as an investment manager, has been appointed as managing director.
Chua joins Alibaba to lead SEA and LatAm deals
After almost six years at East Ventures, Adriel Chua will back Southeast Asian and Latin American startups for the NYSE-listed ecommerce firm.
Van de Wouw bids Shell goodbye
GCV Powerlist member and Shell Ventures managing director Geert van de Wouw will be succeeded by Quennie Co from September.
Nine CVCs join Tokyo Metropolis’s startup matching initiative
Asahi Kasei, Kashiwabara, Canon Marketing, Kirin, J Front, KHI, ShoPro, Sekisui and Denka will partner with startups through the scheme.
Chinese vacuum cleaner maker Dreame launches $1.5bn CVC
The Chinese unicorn, last valued at $2.8bn, will back AI and robotics startups through two funds under the newly formed Empyrean Venture.
CVC-as-a-service group Valetec Capital launches venture builder
As the Brazilian CVC market starts to cool, Valetec is looking to diversify its business with a venture building division.
Thai bank Krungsri’s CVC launches $38m private equity trust
Finno Efra will invest in Thai and Southeast Asian seed to pre-series A tech startups, supplying up to $1.2m per deal.
24-fold increase in Japanese corporate venture capital in the past decade
A growing wave: corporate-affiliated capital for startup investments has gone from $140 in 2013 to $3.4bn according to a recent survey.
Gonzalez to head frozen food maker Sigma’s CVC
Ciro Gonzalez, formerly an investment associate at CVC unit Munich Re Ventures, has been appointed as head of Sigma Ventures.
Intel Capital alumna Ishimwe joins US Department of Commerce fund
Josiane Ishimwe, who spent three years at Intel’s CVC unit, will help the US Department of Commerce’s Chips Investment Office make semiconductor investments.
Smyth becomes managing partner at Microsoft’s CVC unit
Andrew Smyth joined M12 to focus on cloud and cybersecurity deals, disclosing his first investment in database platform Neon in recent weeks.