The Hico-Bow Joint Fund is backed by unnamed LPs and will invest in early-stage startups focusing on AI, healthcare and machine learning innovations.
Author: Roshini Bains
LaRocca joins Allison Transmission’s new CVC
Hybrid propulsion systems manufacturer Allison Transmission has hired Justin LaRocca as the director of its new venture arm.
Canon launches $67.6m CVC fund
The Canon Marketing Japan MIRAI Fund will invest in early to mid-stage startups in Japan and across the globe.
“The mission is to save everybody’s life” — how Dial4242 is solving India’s ambulance problem
Mumbai-based platform Dial4242 provides Indians with an app that can book an ambulance in under 15 seconds, for a cost of just 100 rupees.
Jallad joins Saudi Arabia’s Neom Investment Fund
After serving a year as head of European financial technology at RBC Capital Markets, Jallad will become the investment director at Neom Investment Fund.
SoftBank Ventures Asia launches corporate-backed $150m fund, rebrands
SoftBank Ventures Asia has changed its name to SBVA after closing its $150m 2023 Alpha Korea Fund.
Sinar Mas Land’s CVC launches a biomedical fund
The Biomedical Fund will invest in Indonesian health tech and biotech startups.
Healthcare is failing minority women. Could CVCs fix it?
Healthcare systems are failing BIPOC women, but entrepreneurs are trying to fill some of the gap — if they can get the funding.
Ex-corporate venture capitalist Chiang launches new VC firm
The new fund called Myriad Venture Partners has received backing from IT corporation Xerox, which will be an anchor investor for the fund.
PcComponentes launches $2m CVC fund
YF Strategic Insights will be managed by the company’s parent firm, YF Networks Group, joining sister unit PcComponentes Startup Booster.
Saudi Aramco injects $4bn into its CVC unit
Oil and gas conglomerate Aramco Oil Company has injected an extra $4bn into Aramco Ventures to further push development in disruptive technologies.
Shukla progresses at Prosperity7 Ventures
Abhishek Shukla has been promoted from partner of enterprise, infrastructure and deep tech investments to managing director at Prosperity7 Ventures.
Medford-Gonzalez departs Femsa Ventures
Ian Medford-Gonzalez will join Mexico-based startup Kuona as chief of staff and head of finance.
Ardhanareeswaran, Sidberry and Chao promoted at GV
The promotions come amid a spate of reshufflings at Alphabet’s corporate venture unit.