Alphabet unit GV participated in autonomous flight technology developer Merlin Labs’ $105m series B round while several corporates helped Cathay Innovation close a $1bn fund.

Funds

South Korea-based outdoor apparel and accessory manufacturer Youngone Trading Holdings has formed an ₩85bn ($64.4m) corporate venture capital arm dubbed Youngone Holdings Venture Capital (YOH CVC 1), NSP reported yesterday. YOH CVC 1 will back companies strategically relevant to its parent firm, especially in the area of textile industry innovation.

Cathay Innovation, a subsidiary overseen by France-based investment firm Cathay Capital, has launched a third fund that is sized at €1bn ($1bn) having secured multiple corporate limited…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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