The Dutch bank will focus on the existing portfolio of 30 startups. It is the latest in a string of big corporations to rethink CVC operations.

Early-stage VC Velocity manage the independently run fund, which backs spinouts from the Canadian university.

Tech transfer arm Edinburgh Innovations has created a new role of director of venture creation to increase the number of companies it spins out.

April saw fewer corporate-backed startup exits than the high months of Q1 2025, due to a fall in M&A for healthcare and IT companies.

It becomes the fourth academic institution in the north of England to join the university spinout investor.

The company will deploy an undisclosed amount over the next five years into real estate developments.

The CVC team plans to raise hundreds of billions more won to invest beyond its core tyres and car parts businesses.

Despite uncertainty in the wider economy, April has seen the most corporate-backed startup funding rounds in more than two years.

Tai Panich has departed from the $700m CVC fund she formed in 2020 and has recruited corporate LPs for AI-focused firm AIconic Ventures.

She was previously a chief entrepreneur at hearing, audio, video and gaming solutions manufacturer GN Group.