Jordan McAlister has left the US telecoms firm after nearly three years leading its venture and innovation strategy.

Next Bharat Ventures, led by Vipul Nath Jindal, has begun accepting candidates for its four-month accelerator programme.

Grosvenor has invested directly in startups but this is its first investment into a VC fund.

LG’s incubation unit hired Ramkumar Krishnan, who worked at multiple renewable energy companies, to identify cleantech opportunities.

The former founder was an adviser to startups before taking on the new investing role.

Yong-Jung Park, who spent six years as investment director at Naver, joined its D2SF unit to lead AI, consumer and enterprise software deals.

John Suh, who helped launch CVC units Hyundai Ventures and Cradle, left the Korean carmaker after 13 years, without disclosing his next steps.

Isa Fuhrmann-Breitholtz, formerly head of Silicon Valley Hub at toy producer Lego’s CVC unit, launched South Bay to back real estate startups.

Hearst veteran Gabby Munoz, who was managing director at its strategic investment unit between 2019 and 2022, has rejoined the CVC team.

Alongside fintech and consumer startups, this sector has seen the most startups go into administration since 2022. These are some of the reasons why.

Patrick Schmitt left German car parts producer Continental after two years as senior investment manager at its CVC group.

Venture firm Vireo Ventures has received an undisclosed sum from the utility’s CVC unit, representing the latter’s second fund investment.

After six years at the CVC unit, Katelyn Johnson will be managing director at the investment firm where she will focus on fintech deals.

Deutsche Telekom’s VC spinout’s third growth fund closed at $330m while DTCP and Porsche-backed Incharge Capital reached a $120m first close.