The Canada-headquartered media group will invest over $100m per year in generative AI companies in a bid to enhance its offerings.
Category: Region
HSBC tackles challenge of stepping into Silicon Valley Bank’s shoes
A year after buying the UK subsidiary of the bankrupt US lender, HSBC is building out a business of lending to startups and venture capitalists in the US.
STC Group launches venture capital firm
Tali Ventures will invest in early to growth stage startups to advances initiatives in the digital ecosystem.
Wang promoted at Deutsche Bank Corporate Venture Capital
Karen Hui-Ying Wang started her career at Deutsche Bank as an analyst in 2016.
ABB launches Motion Ventures
Ana Troncoso Ceola will lead ABB Motion Ventures focused on sustainability and energy transition, which falls under the ABB Ventures umbrella.
Pywell gets promotion at Hines Global Ventures
The US property developer has named Hugo Pywell a UK director at its CVC unit, where he has worked since 2022.
M12’s Stewart moves up to managing partner
Michael Stewart, who was a partner at software producer Microsoft’s CVC unit, will lead investments in generative AI, gaming and deeptech.
Fluidra launches $21.7m corporate VC fund
The swimming pool maker’s new CVC, Fluidra Ventures, will invest in technology startups shaping the pool and wellness sector.
Ssemwogerere promoted to SVP at Standard Bank Group
Kevin Ssemwogerere, previously a renewable energy-focused CVC lead, is appointed SVP of investment banking ventures at the South African bank.
Eso to oversee Medtronic’s CVC operations
Chris Eso, formerly VP of M&A and portfolio manager at Medtronic, will lead the medical device group’s corporate venture capital initiatives.
National Grid looks to speed up startup collaboration as net zero pressures grow
Steve Smith, the new head of National Grid Partners, has shifted focus to technologies that directly impact the operation of the power grid.
CVC Unplugged: How Sopra Steria fixed a CVC strategy that wasn’t working
Sopra Steria Ventures wasn’t delivering value for the parent company. Socheat Chhay came in a year ago to turn the unit around.
Zacua Ventures nets $56m for first fund from 19 corporates
Volvo, Cemex and Procore are among the limited partners backing Zacua’s investments into next-generation construction
The Big Deal: Samsung joins carmakers in backing rare earth-free magnet startup Niron
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.