Naver’s accelerator arm backed two US startups last month, Claythis and YesPlz, and will continue to seek out opportunities in North America.
Category: Firms
Crypto VC Gate Ventures and blockchain firm Movement Labs form $20m fund
The initiative, also backed by Thai family office VC Boon Ventures, will target blockchain projects specialised in Move, the programming language by Movement Labs.
Japanese ketchup maker Kagome launches $50m CVC fund
Formed in association with US venture firm SVG Ventures, the Sunrise Fund will back early-stage agritech startups.
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.
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.
Indian oil company BPCL announces CVC plan
Indian state-backed petroleum company Bharat Petroleum (BPCL) has announced a five-year growth plan which will establish a corporate venture capital arm.
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.
Hiroshima Bank launches $14m regional economy fund
In partnership with VC firm Hiroshima Venture Capital, the Hirogin Innovation Fund will target regional economy revitalisation startups.
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