The fund will be based in Dubai and invest in gaming studios and other blockchain projects.

The CVC is now under the auspices of Solvay’s spin-off Syensqo, which focuses on areas including clean mobility, EV batteries and hydrogen.

The 12-week programme will start with five startups focused on decentralised commerce, marketing, advertising, payment and the metaverse.

Shangqi Huirong Shangcheng Yihao Industry Fund’s second close counts SAIC Motor Financial Holding Management unit among its LPs.

GCV Rising Star Oliver Finch’s departure from Maersk’s CVC unit follows those of Pter Votkjaer and Shereen El Zarkani in recent months.

The utility will target energy transition, smart cities and good governance investments through its new fund.

The air carrier has set aside about $850,000 for the fund, which will invest in aviation, travel, lifestyle, hospitality and transport startups.

After GCV Powerlist member Yuko Sasahara Watanabe’s move to NTT Docomo’s lifestyle unit, the CVC arm named Jun Yasumoto president and CEO.

Former investment manager Erik Karlsson is succeeding Nanna Andersen after she was promoted to head of New Growth & Ventures at H&M Group.

With more money and a new name, SoftBank continues to back Black and Latino-owned startups.