The snack producer’s renewed CVC unit will focus on investing in more mature food businesses for eventual acquisitions.
Category: Firms
LG invests $97m in Vista fund
A few months after LG Tech Ventures lifted its capital to $768m, the parent firm has backed Vista to seek AI, bio and automotive companies.
ABN Amro Bank invests in climate fund
ABN Amro earmarked $1.1bn for green technology funding, with Nordic Alpha Partners’ Fund II being its fourth climate-related fund investment.
PDS Ventures launches a fashion accelerator
The Trailblazer Programme will enroll eight fashion startups that provide innovative technologies to fashion value chain.
Thomson Reuters to invest $8bn in AI
The Canada-headquartered media group will invest over $100m per year in generative AI companies in a bid to enhance its offerings.
ABB launches Motion Ventures
Ana Troncoso Ceola will lead ABB Motion Ventures focused on sustainability and energy transition, which falls under the ABB Ventures umbrella.
Allison seeks commercial and military vehicle innovations through CVC
The transition to electric mobility means fewer vehicles need transmissions, so Allison is looking for new business ideas from startups.
Ajinomoto CVC expands to America
The MSG seasoning manufacturer has opened a Silicon Valley CVC office three years after it began startup investment activities in Japan.
Bupa launches a $13m fund in Australia
Adele Moynihan will lead Bupa Ventures, which will target Asia-Pacific region healthtech and elderly care startups from seed to series A stages.
Sony and Intel back company making key part for next wave of smartphones
UK smartphone camera component developer Cambridge Mechatronics’ latest round featured strategic investors Sony Ventures and Intel Capital.
CSAA to wind down CVC activities
Avanta Ventures will not make new investments but managing partner Sanjiv Parikh will remain at the unit to manage the existing portfolio.
National Grid Partners unveils new leadership team
The UK utility’s CVC unit will be led by Stephen Smith, who is joined by GCV Powerlist member Pradeep Tagare, among others.
Corporate-backed Giant Ventures raises $250m for funds
BMW was among the investors that backed the UK venture firm, which will be divided into a $100m seed fund and a $150m growth fund.
Equirus launches $25m fund
Equirus InnovateX Fund will invest in software, deeptech and fintech companies at seed stage, providing between $500,000 and $1m per deal.