The transition to electric mobility means fewer vehicles need transmissions, so Allison is looking for new business ideas from startups.

The MSG seasoning manufacturer has opened a Silicon Valley CVC office three years after it began startup investment activities in Japan.

Adele Moynihan will lead Bupa Ventures, which will target Asia-Pacific region healthtech and elderly care startups from seed to series A stages.

UK smartphone camera component developer Cambridge Mechatronics’ latest round featured strategic investors Sony Ventures and Intel Capital.

Avanta Ventures will not make new investments but managing partner Sanjiv Parikh will remain at the unit to manage the existing portfolio.

The UK utility’s CVC unit will be led by Stephen Smith, who is joined by GCV Powerlist member Pradeep Tagare, among others.

BMW was among the investors that backed the UK venture firm, which will be divided into a $100m seed fund and a $150m growth fund.

Equirus InnovateX Fund will invest in software, deeptech and fintech companies at seed stage, providing between $500,000 and $1m per deal.

The US retail chain operator’s seven-year-old Store No 8 is ceasing operations and its head, Scott Eckert, is exiting the firm.

The Japanese department store chain owner has partnered with Ignition Point, which already manages the corporate’s JFR Mirai Creators Fund.

Biotech venture capital is shrinking from boomtime highs, but Sakae Asanuma, CEO of Taiho Ventures, says now is a good time to find new novel treatments to back.

Japanese pharma firm Taiho has added $100m to its US-based CVC subsidiary, which has a team of five people.

Allianz France and Edenred joined other LPs to back the investment firm’s Partech Venture fund, which is halfway through its target.

The CVC is now under the auspices of Solvay’s spin-off Syensqo, which focuses on areas including clean mobility, EV batteries and hydrogen.