Venture services firm Mach49 has helped the owner of alcohol brands Jim Beam, Maker’s Mark and Yamazaki to launch the CVC initiative.

Frontier Fund II and Climate Fund II have each received $150m to further explore technologies like AI and renewable energy for the carmaker.

Metalab Ventures, backed by the interface design firm and other investors, will seek product-led startups from pre-seed to series A stages.

The joint programme with Founders Factory will target technologies strategic to the mining industry such as decarbonisation and automation.

Arca Continental has shut its CVC arm, one of the more prominent units in Latin America, as the likes of SAP, ZF and Verizon fall back.

Orano Venture Fund will run for five years and invest in about 20 industrial startups.

South Korea-based steel manufacturer Dongkuk Holdings is set to establish a new corporate venture firm within a year.

The snack producer’s renewed CVC unit will focus on investing in more mature food businesses for eventual acquisitions.

A few months after LG Tech Ventures lifted its capital to $768m, the parent firm has backed Vista to seek AI, bio and automotive companies.

Longhorn Digital Ventures Studio Kenya will act as an incubator for edtech innovations and support digital education content.