Having invested in 16 companies and scored two exits, the firm’s new investment vehicle will continue to back edtech startups.
Category: News
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.
Black joins HG Ventures and Heritage Group Accelerator
The construction materials producer appointed Mitch Black as an entrepreneur in residence for its CVC and accelerator units.
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.
TDK Ventures adds three to London office
Marc Bouchet will conduct deals for TDK Ventures Fund 2 while David Delfassy and Sam Hill will invest through Fund EX1.
Fábrica promoted to investment manager at EDP Ventures
Luís Fábrica, formerly investment associate at the energy group’s CVC group, has been promoted after four years at the unit.
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.
Hosomura leaves Salesforce’s CVC unit
CVC veteran Takuya Hosomura, who spent a combined eight years at Rakuten Capital and Salesforce Ventures, joined Global Brain as a partner.
First rise in US corporate-backed startup funding rounds for two years
Corporate funding for startups is rising globally as well, with sectors such as as cybersecurity and healthcare seeing the most activity.
Bouchet advances at TDK Ventures
After three years at the Japanese electronics group’s CVC unit, Marc Bouchet got promoted for a second time to senior investment associate.
Trauer to lead Telefônica Brasil’s CVC units
Phillip Trauer, who spent seven years at Valor Capital Group, comes in following the departure of Gabriela Toribio earlier this year.
Hakluyt Capital exceeds $50m for first fund
The new fund has already made nine investments in growth-stage companies.
Cisco Investments launches CVC’s first $1bn AI fund
Cisco’s artificial intelligence fund is double the size of similar initiatives for Salesforce Ventures and IBM Ventures, hailing another step in the AI boom.