The new fund will be part of the travel technology group’s TravelTech Lab subsidiary and invest in strategically relevant startups and funds.

Jordan McAlister has left the US telecoms firm after nearly three years leading its venture and innovation strategy.

Next Bharat Ventures, led by Vipul Nath Jindal, has begun accepting candidates for its four-month accelerator programme.

LG’s incubation unit hired Ramkumar Krishnan, who worked at multiple renewable energy companies, to identify cleantech opportunities.

Yong-Jung Park, who spent six years as investment director at Naver, joined its D2SF unit to lead AI, consumer and enterprise software deals.

John Suh, who helped launch CVC units Hyundai Ventures and Cradle, left the Korean carmaker after 13 years, without disclosing his next steps.

Isa Fuhrmann-Breitholtz, formerly head of Silicon Valley Hub at toy producer Lego’s CVC unit, launched South Bay to back real estate startups.

Hearst veteran Gabby Munoz, who was managing director at its strategic investment unit between 2019 and 2022, has rejoined the CVC team.

Patrick Schmitt left German car parts producer Continental after two years as senior investment manager at its CVC group.

Venture firm Vireo Ventures has received an undisclosed sum from the utility’s CVC unit, representing the latter’s second fund investment.