Merck Group and Korea Advanced Institute of Science and Technology’s MoU will entail M Ventures helping grow South Korea’s ecosystem.

The Bakery will help clients build CVC strategies while Staged Ventures will manage the funds and Pipe Ventures will provide deal flow.

Marc Bouchet will conduct deals for TDK Ventures Fund 2 while David Delfassy and Sam Hill will invest through Fund EX1.

Luís Fábrica, formerly investment associate at the energy group’s CVC group, has been promoted after four years at the unit.

For eight years, Cyber Valley has been linking German AI and robotics researchers and spinouts with corporate partners, but a partnership with UTokyo IPC is the first step to it going global.

The new fund has already made nine investments in growth-stage companies.

After a year and a half, Bianca Ambrosini is now an investment associate at German alcohol producer Mast-Jägermeister’s CVC subsidiary.

As part of its new 2035 Industrial Plan, A2A has joined forces with 360 Capital again for a second CVC fund on its way to a $217m target.

Gemma Sturt assumed a senior investment manager role and will help Werfen’s CVC unit back digital healthtech startups.

It took three people to replace the 20-year veteran head of Swisscom Ventures. Now the new team is ready to increase investment pace and plan for the next fund.