Former Stanley Ventures managing director has landed at Caterpillar to invest in mining and construction startups.

Kaushik will manage L&T Innovation Fund's existing startup portfolio and look for further collaboration and investment opportunities.

Seunier set up the company's CVC and led 10 investments during his time as head of the unit.

She is moving to a senior manager role in marketing at the parent company.

US corporate-backed startup funding saw a big contraction, with the fintech and industrial sectors hit hardest.

Startups are developing machines that can mimic the dexterity of the human hand, finding applications in manufacturing, agriculture and healthcare.

Nacho Tovar, the head of airline group IAG's investment arm, says the new €200m fund could unlock efficiency and a sustainable future for the industry.

Following the April departure of the unit’s other member, Mike Mahan has now also moved on from Stanley Ventures.

With the new fund in the US, Mitsui Chemicals aims to double down in its global investment strategy.

Alok Agrawal has left his role as the head of Canadian electronics company Celestica's CVC unit after more than five years with the company.