The financial services firm’s Mexican and Brazilian units are each equipped with $100m, and CVC unit Saison Capital will play a key role.
Category: Firms
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
Xiaomi raises $1.4bn for chip fund
Corporate investors JoulWatt, Southchip and Nano Star Ventures have become limited partners in the Chinese computer electronics producer’s fund.
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.
Water tech company Xylem expands CVC investment by $50m
The company will use additional capital to finance startups aiming to tackle climate challenges in the water sector.
Fast fashion company Shein to launch $271m CVC fund
The low-cost clothing retailer, which wants to list in London this year, will back European sustainable fabric companies through the fund.
Mexican and Chilean CVC-as-a-service firms join forces
Innova360 powered by Bluebox will have 35 team members and $15m distributed among eight corporate venturing funds across Latin America.
Crypto trader Auros launches CVC unit
Julien Auchecorne will lead digital asset trading firm Auros’s Ventures unit, which has invested $15m in 14 companies since late last year.
Fujitsu becomes latest CVC to join Japan’s impact investment wave
Japanese companies operating in the EU become subject to sustainability reporting rules from next year. Many are using their CVC units to help meet targets.
Spanish travel firm HBX Group launches $54m CVC fund
The new fund will be part of the travel technology group’s TravelTech Lab subsidiary and invest in strategically relevant startups and funds.
EnBW New Ventures invests in climate VC fund
Venture firm Vireo Ventures has received an undisclosed sum from the utility’s CVC unit, representing the latter’s second fund investment.
Deutsche Telekom-backed DTCP raises $450m for two funds
Deutsche Telekom’s VC spinout’s third growth fund closed at $330m while DTCP and Porsche-backed Incharge Capital reached a $120m first close.
Telstra Ventures rebrands to Titanium Ventures
The Australian telecom firm’s VC affiliate changed its name to reflect its independent identity since spinning out in 2018.