News – Page 19

ABB launches Motion Ventures

Ana-Troncoso

Ana Troncoso Ceola will lead ABB Motion Ventures focused on sustainability and energy transition, which falls under the ABB Ventures umbrella.

Michael Stewart

Michael Stewart, who was a partner at software producer Microsoft’s CVC unit, will lead investments in generative AI, gaming and deeptech.

Corporate investors are disproportionately involved in the biggest funding rounds by energy sector startups.

Commerce Ventures Fund V has received corporate backing from 20 investors such as Intuit and StepStone Group.

The swimming pool maker’s new CVC, Fluidra Ventures, will invest in technology startups shaping the pool and wellness sector.

Kevin Ssemwogerere

Kevin Ssemwogerere, previously a renewable energy-focused CVC lead, is appointed SVP of investment banking ventures at the South African bank.

Chris Eso

Chris Eso, formerly VP of M&A and portfolio manager at Medtronic, will lead the medical device group’s corporate venture capital initiatives.

Nacho Gimenez has accepted a new investor role at an undisclosed energy company.

Mansi Parikh has been promoted to director and principal of technology investments.

Marinus Oosterbeek was an associate director at ABN AMRO Ventures

Photo by Matthew Guay on Unsplash

The new fund will invest in high-growth media and technology companies.

Volvo, Cemex and Procore are among the limited partners backing Zacua’s investments into next-generation construction

Andy Conrad founded Verily Life Sciences, formerly known as Google Life Sciences.

There will not be enough rare earth metals to make the magnets industry needs in the next decade so the race is on to find alternatives.