Phillip Trauer, who spent seven years at Valor Capital Group, comes in following the departure of Gabriela Toribio earlier this year.

The new fund has already made nine investments in growth-stage companies.

GCV Rising Star Blair Tritt was appointed VP of CVC and partnerships at the milk-based food producer’s investment arm.

Samsung Next's US investor team will take over the relationship with partners and portfolio companies previously handled out of Israel.

Alex Kamenetskiy is now managing director at the CVC unit, while Ian Sanders and Sabeeha Islam are SVP and VP of portfolio development.

Jeremy Shure will continue to identify and invest in fintech startups in Europe and North America for Sella Group’s CVC unit.

Kevin Rodrigues will take over the Europe-related duties from fellow managing director Sophia Nadur, who will focus on the global south.

Takeshi Kodama, formerly executive manager at Mitsui Fudosan’s CVC unit, will now lead the property developer’s business development team.

Betagro Ventures will invest in early-stage startups focusing on foodtech and agritech sectors.

The $15m was raised by two unnamed investors and transferred to the fund through a special purpose vehicle associated with OpenAI Startup Fund.