Illumina Ventures alumnus Noel Lee has moved up to partner at Novo Holdings, just eight months after being hired as a principal in its Growth Investments team.

Claire Leurent, formerly principal at Johnson & Johnson Innovation – JJDC, has joined AbbVie’s CVC unit as managing director.

The fund, co-managed with a seed-stage VC firm, will target AI, robotics and internet-of-things across multiple industries.

Alphabet’s early-stage investment unit has hired Michael McBride to seek out AI and open-source software startups.

Pioneer Management Consulting has launched a venture capital firm to invest in startups developing treatments for rare brain tumours.

The Intuitive Ventures Fund II will invest in startups transforming treatment in minimally invasive care.

The American Heart Association has launched AHA Ventures to invest in health tech and social impact.

Corporate investors rarely back sex startups but as attitudes change and the trend for sexual health and education picks up, are they missing out?

ÖAMTC will use the venture studio to explore new business areas related to the demographic change of its members.

CVC veteran Ricardo dos Santos has left ResMed and joined Takeda’s digital health investment arm as partner and head of its Venture Studio.