Following the departure of Swisscom Ventures head, Dominique Mégret, the firm has hired a new senior team consisting of Stefan Kuentz, Alexander Schläpfer and Pär Lange.
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Ajinomoto CVC expands to America
The MSG seasoning manufacturer has opened a Silicon Valley CVC office three years after it began startup investment activities in Japan.
Mehta leaves TDK to build SE Ventures’ India operations
Siddharth Mehta, who help found corporate venture units in India for both Shell and TDK, is setting up a unit for SE Ventures.
CapitalG promotes Jomaa, Nichols and hires Alexander as partners
Mo Jomaa, Alex Nichols and Jane Alexander will now serve as CapitalG’s newest investment partners.
Gujral and Barton promoted at CapitalG
Manmeet Gujral and Kelly Barton have been promoted to vice president at CapitalG where they will focus on investments in machine learning and fintech startups.
SAIC Ventures promotes Hauser
SAIC named Michael Hauser VP of products, investments and strategic partnerships, and he will be managing partner for its corporate VC unit.
Tel Venture Capital hires four global team members
Tokyo Electron’s strategic investment unit has four new members based in Japan, South Korea, Israel and Ireland.
Baral joins urban air mobility firm Joby Aviation
Corporate VC veteran Stephan Baral has left Porsche Ventures to join the electric takeoff and landing aircraft maker.
CSAA to wind down CVC activities
Avanta Ventures will not make new investments but managing partner Sanjiv Parikh will remain at the unit to manage the existing portfolio.
German car parts maker Hella moves venture unit to Detroit
Hella Ventures has moved its team to Michigan to be closer to the centre of the US automotive sector.
National Grid Partners unveils new leadership team
The UK utility’s CVC unit will be led by Stephen Smith, who is joined by GCV Powerlist member Pradeep Tagare, among others.
Perez leaves Deutsche Bank CVC
Deutsche Bank Venture Capital’s former CVC head, Gil Perez, will join law firm Freshfields in April as its California-based chief innovation officer.
Nio Capital raises $417m for China-focused fund
The VC firm co-founded by Chinese EV maker Nio will continue to invest in automotive and energy technology companies locally through its new fund.
Takeda Ventures loses global head
GCV Powerlist member Michael Martin will reprise his president and CEO roles at Plexium, after more than a decade at Takeda Pharmaceuticals.