Corporate venturing unit Google Ventures will operate as a single global fund from January, after cutting seed investments and rebranding as GV.

Google Ventures, the corporate venturing arm of technology and internet conglomerate Alphabet, will restructure itself as a global entity in January 2016, chief executive Bill Maris told the Financial Times yesterday.

The shift in approach will follow a rebranding of Google Ventures to GV this week and, Maris told the Wall Street Journal, the move away from investments at seed stage the unit has made this year.

Google Ventures was formed in 2009 and invested in early-stage companies alongside the…