Phlux Technology has raised $4.9m from investors including Foresight Williams Technology Funds as it looks to become the Nvidia of the sensor market.

Lucas Fornoff, formerly an investment manager at Evonik Venture Capital, will manage venture investments at Rentenbank.

ITT Motion Technologies has promoted Corrado Mida to executive director of corporate development, M&A and corporate venture.

Terna Forward has been allocated over $50m and will look to invest in external companies as well as spinning off innovative technology through an incubator model.

The media and e-commerce group has chosen Jussi Lystimäki to replace Dan Ouchterlony as head of its venture arm, which is set to move closer to its core business.

Gareth Burns is departing from energy company Equinor's corporate venture subsididary, which he heads as vice-president.

The hiring comes after InMotion’s recent hiring of Mike Smeed, as managing director to further innovative the autonomous car and shared mobility sector

After two years heading up HSBC's early-stage investments, Catherine Zhou is moving to a CIO position focusing on wealth and private banking.

The energy sector hasn't had a technology breakthrough for a decade. But Engie New Ventures' Johann Boukhors is excited about the potential for green hydrogen and methane.

Failure rates are high for VC-backed companies, and corporate-backed startups are not exempt. But which have been the biggest recent flops that left corporate investors licking their wounds?