Formed in association with US venture firm SVG Ventures, the Sunrise Fund will back early-stage agritech startups.
Tag: US and Canada
Verizon Ventures halts investments
Verizon’s corporate venture arm has stopped making investments and its lead executives have left the company, GCV understands.
Munoz moves to Fitch Group as global head of CVC and M&A
After rejoining Hearst Ventures in July, Gabby Munoz was tasked to make fintech deals at the US media firm’s ratings agency subsidiary.
Touchdown Ventures merges with wealth manager Cerity Partners
The new merged company will be known as Cerity Partners Ventures.
Dixit leaves Microsoft’s corporate venturing arm
Hina Dixit, formerly a partner at M12 and head of AI investments at Samsung Next, is co-founding a startup still in stealth mode.
Salesforce Ventures doubles AI commitment to $1bn with new fund
The CVC unit has formed a second $500m fund, having invested in two dozen artificial intelligence startups, including Anthropic, Mistral and Cohere, in the past 18 months.
Aramco Ventures appoints Nechiti as investment director
Ionel Nechiti joined Saudi Aramco’s CVC subsidiary’s North American team led by managing directors Jim Sledzik and Daniel Carter.
Japanese electronics maker Kyocera launches $60m fund
Kyocera, the Japanese industrial ceramics and electronics multinational, has established a second fund to target startups in the US and EMEA region.
Skoglund joins corp dev at fuel transportation business Fairwater
Trish Skoglund joins the recent joint venture between Crowley and Seacor, two maritime logistics companies, as head of corporate development.
Fewer but bigger exits for corporate-backed startups in August
In August, we saw 25 corporate exits, a 19% drop from August last year, though total capital raised hit $3.97bn, up 34% year on year.
Sabancı uses VC arm to push into the US renewables market
Sabancı is building a multi-gigawatt renewables portfolio, and Sabancı Climate Ventures is helping find US and European start-up technologies to plug in.
Insurance companies back PruVen Capital’s new $379m fund
PruVen Capital’s first fund had one corporate backer. Its second sees contribution from multiple insurance companies.
Intel’s startup accelerator Intel Ignite to close
The Israel-based startup accelerator run by the US multinational technology company is closing to cut costs.
Former SoftBank Capital partner Krna launches VC service provider
Matt Krna, formerly a partner at Japanese tech company SoftBank’s CVC, has launched a VC service company, Two Meter Capital.