Co-founder Marcelo Claure is returning to lead the newly independent Open Opportunity Fund with Paul Judge, while SoftBank invests in its $200m second fund.
Author: Robert Lavine
Robert Lavine is special features editor for Global Venturing.
What we learned from the 10 biggest CVC deals of 2023
It is no surprise to see genAI on this list, but semiconductors, EVs, green steel and batteries also featured heavily this year.
The Big Deal: Are diamonds the future of the supply chain?
CEO Ophir Gaathon tells us why Airbus and American Express have backed Dust Identity, and how diamond dust can track data on objects through the supply chain.
Corporates exit connected car company Cubic in billion-dollar SoftBank deal
Qualcomm and Volkswagen are among the companies that backed connected car technology provider Cubic Telecom at a $215m valuation that has been pushed past the $1bn mark.
FC Barcelona’s CVC arm seeks Champions League results – on a budget
Albert Mundet tells us how FC Barcelona began investing through Barça Innovation Hub in the middle of a cost-cutting exercise, and how it balances short and long-term goals.
HR tech heavyweight ADP out to prove size matters to startups
Oz Khan heads up venture capital for ADP, which has over a million clients that portfolio companies can partner with, and he tells us why now is the right time to launch ADP Ventures.
Why is sports the odd industry out when it comes to CVC?
Almost none of the world’s largest sports teams are active in early-stage investing – we got the answers to why from the worlds of football, basketball and venture capital.
The Big Deal: Blockchain.com finds warmth in the crypto winter
Access Industries, GV and Coinbase Ventures all took part in one of the year’s biggest Web3 funding rounds.
Tekfen tackles the undigitised industries with CVC arm
Construction, agriculture, manufacturing and real estate may feel like an unlikely combination, but Tekfen Ventures president Sinan Uzan explains why its $65m fund is targeting these ‘foundational industries’.
The Big Deal: Seurat paints the way to the future for 3D printing
Several corporate investors were involved in Seurat raising $99m, promising increased speed and precision for its metal printing technology along with a lower carbon footprint.
The Big Deal: Husk targets “half the planet” with its solar systems
Husk Power Systems has just raised $100m from investors including Shell to build 1,500 solar mini-grids in India and Nigeria in the next four to five years.
Mars Companion Fund to take bigger bets on petcare startups
Ben Jacobs of Companion Fund, flush with $300m from Mars, is going against the grain and betting bigger on startups as others pull back.
The Big Deal: Australia’s Employment Hero plans global growth after $1bn valuation
HR software provider Employment Hero has scored a unicorn valuation as it looks to strengthen its international presence – and Seek could have the ideal CVC profile to help.
Dream Sports calls time on $250m CVC fund
The owner of India’s biggest fantasy sports company is closing Dream Capital as it cuts costs amid a stringent new tax and portfolio company struggles.