The low-cost clothing retailer, which wants to list in London this year, will back European sustainable fabric companies through the fund.
Category: Region
Mexican and Chilean CVC-as-a-service firms join forces
Innova360 powered by Bluebox will have 35 team members and $15m distributed among eight corporate venturing funds across Latin America.
Fujitsu becomes latest CVC to join Japan’s impact investment wave
Japanese companies operating in the EU become subject to sustainability reporting rules from next year. Many are using their CVC units to help meet targets.
Spanish travel firm HBX Group launches $54m CVC fund
The new fund will be part of the travel technology group’s TravelTech Lab subsidiary and invest in strategically relevant startups and funds.
McAlister leaves Cox Communications amid organisational changes
Jordan McAlister has left the US telecoms firm after nearly three years leading its venture and innovation strategy.
UK Labour party win: Promise of spinout support and a Great British Energy
The change in government in the UK could bring a bigger focus on boosting spinout numbers and more investment in electricity grid upgrades.
Suzuki launches $40m impact CVC unit in India
Next Bharat Ventures, led by Vipul Nath Jindal, has begun accepting candidates for its four-month accelerator programme.
Krishnan to lead cleantech incubation for LG Nova
LG’s incubation unit hired Ramkumar Krishnan, who worked at multiple renewable energy companies, to identify cleantech opportunities.
Wyszynski joins Eneco Ventures as investment director
The former founder was an adviser to startups before taking on the new investing role.
Park to lead Naver’s CVC and accelerator unit
Yong-Jung Park, who spent six years as investment director at Naver, joined its D2SF unit to lead AI, consumer and enterprise software deals.
Suh leaves Hyundai Motor Group
John Suh, who helped launch CVC units Hyundai Ventures and Cradle, left the Korean carmaker after 13 years, without disclosing his next steps.
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.