Corporations are increasingly active as limited partner on diversity-focused venture capital funds. US-listed food manufacturer General Mills has committed $15m to two venture capital funds founded by women of colour. Through its corporate venturing unit, 301 Inc., General Mills has backed Fearless Fund and Supply Change Capital, which back minority and women entrepreneurs. Since a June 2021 reorganisation of… Continue reading Corporations step up diversity LP commitments
Category: News
Rohatgi emerges at Novo
She had previously eight years in corporate venture capital.
NTT Docomo adds third CVC fund
Yuko Sasahara-Watanabe, president and chief executive of NTT Docomo Ventures, was interviewed last month on her plans.
Mukherjee promoted at Olam
Singapore has been one of the most active centres for CVC in the region.
Huang leaves Sony for Translink
At Translink, she will mostly manage the Orchestrating Future Fund on behalf of NEC.
Marincovic promoted to partner at Solvay
In March, Solvay said it would split into two, with its CVC unit ending up in the specialty chemicals business.
BT promotes Schink to head
New York City-based Adam Schink had previously been senior manager for startup scouting and investment.
Bertha leaves 7-Eleven for Liquid Death
Bertha had been promoted to vice-president of growth and in charge of 7-Ventures in July last year.
Stars get creative with new funds
Social media stars gain venture backing through new funds by Creative Juice and Animal Capital.
Prior joins Amazon to run $1bn fund
GCV Rising Stars award winner Sherwin Prior joins retailer to head Industrial Innovation Fund.
Daily Deal Round Up: April 29, 2022
Content personalisation technology provider Movable Ink and carbon-negative concrete developer Brimstone each raised $55m, with Intel and Amazon respectively among the investors.
Corporates sign up to 10-figure Securonix round
Capital One Ventures, Snowflake Ventures, Verizon Ventures and Wipro Ventures were all named as participants in a round for the cloud security software provider sized above $1bn.
OneFootball marks off $300m series D round
Animoca Brands and Dapper Labs were among the investors in the football media provider’s latest round, which came alongside the launch of its blockchain-driven fan engagement platform OneFootball Labs.
Temasek takes $162m to Info Edge funds
Info Edge’s corporate venturing activities are being boosted by Singapore-owned Temasek, which is committing 50% of the capital for three of its funds.