Financial

After nearly seven years at BNP Paribas's strategic investment arm, founding managing director Thibaut Schlaeppi is leaving to co-lead Raise Ventures.

Palida Artispong is moving up at financial services firm Krungsri's corporate venture capital arm, promoted to acting managing director.

Razorpay has launched a fund backing early-stage B2B software startups across a range of industries, with up to $1m per investment.

One of crypto's most prolific investors, OKX Ventures, backs technologies that expand decentralised finance and cryptocurrency use.

The initiative, also backed by Thai family office VC Boon Ventures, will target blockchain projects specialised in Move, the programming language by Movement Labs.

Turkey has the ingredients to be a top tech market, but it needs investors to take more risk if its startups are to get past early stage.

The corporates both committed further nine-figure sums to back startups in the rapidly growing Indian venture market.

Wana Schulze and Ivan Yoon will lead CVC investments at Telefónica’s seed and early-stage Brazilian subsidiaries.

Axa Venture Partners will invest nine-figure amounts through the new fund, which is expected to close in 2025 with its insurer parent putting up half the capital.