The $11.4m fund will be co-managed by M&A consultancy Paradigm Shift, and it is part of the funeral firm’s 70th anniversary business plan.
Category: Firms
Natura Ventures launches with $9.2m to back Brazilian beauty startups
The Brazilian beauty and wellness group’s CVC unit will target seed-stage opportunities in circularity, beauty and customer service segments.
Fujitsu Ventures starts impact investing
The IT conglomerate’s $64m CVC subsidiary has made its first impact investment in microfinance service Gojo & Company.
Taiho Innovations increases capital to $32m
Taiho’s Japanese university spinout-focused CVC arm’s capital injection came five months after its US sister unit got an additional $100m.
Merck Group’s CVC to help South Korean uni assess startups
Merck Group and Korea Advanced Institute of Science and Technology’s MoU will entail M Ventures helping grow South Korea’s ecosystem.
Three companies co-launch Brazilian CVC fund manager
The Bakery will help clients build CVC strategies while Staged Ventures will manage the funds and Pipe Ventures will provide deal flow.
Japanese publisher Obunsha’s CVC launches $6.4m second fund
Having invested in 16 companies and scored two exits, the firm’s new investment vehicle will continue to back edtech startups.
Japan’s Uzabase launches $64m second investment fund
UB Ventures’ new fund secured capital from its parent company, Wistron’s Wise Cap subsidiary, banks and other investors.
New $500m fund to back Alphabet X spinouts
Alphabet alumnus Gideon Yu is reportedly raising $500m to back companies spun out of incubator X Development like 280 Earth, Waymo and Google Glass.
Porsche Ventures launches China fund
The CICC Porsche (Shanghai) Venture Capital fund, whose size is reportedly $118m, will target energy and connected vehicles in China.
Japan’s Yamato launches second startup fund
Kuroneko Innovation Fund 2 has $51.5m in capital to continue to invest in strategic areas like cleantech, spacetech, fintech, robotics and AI.
A2A launches 360 Life II
As part of its new 2035 Industrial Plan, A2A has joined forces with 360 Capital again for a second CVC fund on its way to a $217m target.
JA Green targets $100m for CVC fund
The lobbying firm’s Anzu-Green Critical Technologies Fund will back defence technology startups and help them work with the US government.
Pinterest relaunches fund targeting minority founders
The image sharing platform’s accelerator scheme was renamed Pinterest Inclusion Fund to target diverse business owners.