The US retail chain operator’s seven-year-old Store No 8 is ceasing operations and its head, Scott Eckert, is exiting the firm.
Category: Firms
Japan’s J Front Retailing forms venture fund
The Japanese department store chain owner has partnered with Ignition Point, which already manages the corporate’s JFR Mirai Creators Fund.
Taiho leans in with fresh $100m as other oncology investors retreat
Biotech venture capital is shrinking from boomtime highs, but Sakae Asanuma, CEO of Taiho Ventures, says now is a good time to find new novel treatments to back.
Taiho Ventures lifts fund to $400m
Japanese pharma firm Taiho has added $100m to its US-based CVC subsidiary, which has a team of five people.
Corporates chip into Partech’s $197m fund
Allianz France and Edenred joined other LPs to back the investment firm’s Partech Venture fund, which is halfway through its target.
Solvay Ventures transforms into Syensqo Ventures
The CVC is now under the auspices of Solvay’s spin-off Syensqo, which focuses on areas including clean mobility, EV batteries and hydrogen.
Daiwa House builds a CVC unit
The construction firm’s Daiwa House Ventures is reportedly part of a $202m startup support initiative that will start early next year.
Entrepreneur Media launches CVC fund
The US publisher is also creating an angel network to help investors access deals.
Romanian bank BCR launches $5.5m CVC unit
BCR Seed Starter will invest about $545,000 per deal in startups working on banking processes, portfolio services and ESG initiatives.
Morgan Stanley targets underrepresented founders with $50m Next Level Fund
Corporates Hearst, Microsoft, Walmart and Altria are LPs in the fund, which has already invested in nine diverse companies.
Generali Ventures launches $266m fund
The CVC unit’s $266m fund will focus on insurtech and fintech startups, having backed three VC funds: Mundi Ventures, Speedinvest and Dawn.
Mandiri to launch Global Climate Tech Fund
Over a third of Mandiri Capital Indonesia’s Global Climate Tech Fund’s capital will go to local climatetech developers.
Walmart tests virtual commerce with new web3 accelerator
The 12-week programme will start with five startups focused on decentralised commerce, marketing, advertising, payment and the metaverse.
Shang Qi Capital powers up with $576m
Shangqi Huirong Shangcheng Yihao Industry Fund’s second close counts SAIC Motor Financial Holding Management unit among its LPs.