Scott Moonly will lead the advanced materials producer’s healthcare fund, sustainability fund and internal ventures.

Japan's Tokyu Land joined the Tokyo Metropolitan Government to back University of Tokyo’s third investment initiative, ASA Fund.

Hideaki Matsuoka, formerly venture unit head at the pharmaceutical firm’s accelerator programme, has become head of ideation and creation.

Shalei Holway, formerly senior adviser at the US government's Small Business Investment Company, has reportedly become head of portfolio development at RTX’s CVC arm.

Ankit Harjai, head of corporate venture operations for Cummins in India, says the team is partnering with Shell to look for new automotive and energy startups.

Vivian Cheng, formerly principal at venture firms CRV and Javelin Venture Partners, has joined the German industrial group’s CVC arm.

Jordan Turk, a nine-year veteran at the vehicle propulsion system producer, ascended to innovation and technology strategist.

The US petroleum supplier will continue to target areas such as decarbonisation, energy storage and carbon capture.

Bain alumni-founded Vendelux, Common Sense Privacy, Duckbill, Hived and Qube received funding from the management consultancy-backed fund.

Venture services firm Mach49 has helped the owner of alcohol brands Jim Beam, Maker’s Mark and Yamazaki to launch the CVC initiative.

Frontier Fund II and Climate Fund II have each received $150m to further explore technologies like AI and renewable energy for the carmaker.

Metalab Ventures, backed by the interface design firm and other investors, will seek product-led startups from pre-seed to series A stages.

The joint programme with Founders Factory will target technologies strategic to the mining industry such as decarbonisation and automation.

Bose Ventures is exploring software investments and M&A as its speaker and earbud manufacturer parent competes with Apple and Amazon.