Indian state-backed petroleum company Bharat Petroleum (BPCL) has announced a five-year growth plan which will establish a corporate venture capital arm.
Author: Stephen Hurford
Taiwanese VC CDIB and Cool Japan Fund launch $62m cross-border fund
CDIB Capital Group, a subsidiary of Taiwan’s KGI Financial Holdings, has launched a $62m joint fund with a Japanese state-backed investment company.
Chang to head Asia investing at SoftBank Investment Advisers
Dennis Chang will lead investments in Asia excluding India and Japan.
SoftBank, Korean conglomerates back $130m AI fund
SoftBank joins a number of South Korean conglomerates in contributing to SBVA’s new AI startup fund, Alpha Intelligence.
Terumo launches a $75m CVC arm to target medtech startups
The Japanese medical device firm has set up Terumo Ventures, having previously contributed to healthcare-focused VC funds.
OKX CVC and Aptos launch a $10m web3 and crypto fund
The CVC arm of crypto exchange OKX has partnered with Aptos to launch a new fund targeting web3 and cryptocurrency projects.
Tech transfer professional Watts-Pass joins TDK Ventures
After her role in Cambridge’s technology transfer office, Elena Watts-Pass has made her first move into corporate venture capital at TDK Ventures.
AVP, Axa’s CVC, goes independent following management buyout
The French insurance multinational’s CVC arm AVP has been bought out by management as the investment management division is sold off
CVC veteran Rimington named chief of staff of Woolworths Group
Alix Rimington takes on the role alongside that of general manager of global strategic alliances and innovation at the Australian retailer.
US healthcare provider Ochsner Health’s CVC launches $10m fund
Ochsner Ventures’ new fund will target seed stage healthcare and health tech companies in Louisiana
US insurer Liberty Mutual’s CVC launches $200m fund
The US insurer follows on from its 2015 fund with a second focusing on tech development in the sector
UPDATED – Kfir joins Dell Technologies Capital as partner
After more than two years leading investments in tech startups, Omri Green is leaving Dell Technologies Capital to become a founder again.
Singapore gaming firm Mon Protocol launches fund
Amid growing corporate confidence in crypto, Mon Protocol has teamed up with VC firm 500 Global to launch a fund targeting blockchain gaming startups.
Menlo Ventures partners with Anthropic to launch a $100m AI fund
As corporate interest in generative AI increases, sector leader Anthropic and VC backer Menlo launch the Anthology fund to drive innovation