John Suh, who helped launch CVC units Hyundai Ventures and Cradle, left the Korean carmaker after 13 years, without disclosing his next steps.
Category: News
Lego Ventures veteran Fuhrmann-Breitholtz launches investment firm
Isa Fuhrmann-Breitholtz, formerly head of Silicon Valley Hub at toy producer Lego’s CVC unit, launched South Bay to back real estate startups.
Munoz returns to Hearst Ventures as MD
Hearst veteran Gabby Munoz, who was managing director at its strategic investment unit between 2019 and 2022, has rejoined the CVC team.
ABN Amro Ventures transfers portfolio to Motive Ventures
The Dutch bank took a “third option” when it no-longer made sense to keep the venturing arm in house.
Schmitt leaves CVC of German car parts maker Continental
Patrick Schmitt left German car parts producer Continental after two years as senior investment manager at its CVC group.
EnBW New Ventures invests in climate VC fund
Venture firm Vireo Ventures has received an undisclosed sum from the utility’s CVC unit, representing the latter’s second fund investment.
Ex-American Family Ventures MD Johnson joins Cohen Circle
After six years at the CVC unit, Katelyn Johnson will be managing director at the investment firm where she will focus on fintech deals.
Deutsche Telekom-backed DTCP raises $450m for two funds
Deutsche Telekom’s VC spinout’s third growth fund closed at $330m while DTCP and Porsche-backed Incharge Capital reached a $120m first close.
Gonçalves to head up EDP Ventures
GCV Emerging Leader Frederico Gonçalves is now partner and managing director of the CVC arm, following former head Luís Manuel’s departure.
Associated British Ports launches energy startup accelerator
VC firm Plug and Play is partnering with the ports operator on the initiative.
Telstra Ventures rebrands to Titanium Ventures
The Australian telecom firm’s VC affiliate changed its name to reflect its independent identity since spinning out in 2018.
Cunha-Gomes leaves SoftBank’s UK CVC arm
Neil Cunha-Gomes will leave his head of EMEA fintech and digital assets role at SoftBank Investment Advisers.
Emasa Ventures ceases operations
The Chilean auto parts manufacturer has shut down its $20m startup investment subsidiary and its Emasa Mobility Hub after three years.
Zendesk launches fund to back AI customer service startups
Zendesk Ventures will target startups developing AI technology that can be used with its corporate parent’s customer service platform, from seed onwards.