US And Canada

After launching Socium Ventures in 2023 with a $300m fund, the US conglomerate has announced a second $300m targeting tech startups.

Adam Coccari has become the managing director of HubSpot Ventures following two years leading US business software provider Intuit's CVC.

DMG Ventures has announced two new $32m funds that will use media for equity arrangements, an increasingly common investment strategy.

While 65% of US ad spend has slipped from traditional media to the hands of Amazon, Google and Facebook, the Times of India has protected its market share on the subcontinent by investing in startups. The publishing group now wants to bring the model to the US.

Alphabet’s growth fund appointed Adam Naor and Monica Plaza as VP of business development and operating partner, respectively.

After launching crypto CVC Circle Ventures and leading it for three years, Wyatt Lonergan has founded a Web3 VC firm with a Circle colleague.

Ten corporate investors were part of a $380m series C round this week, including Fortescue, United Airlines, Rio Tinto, Amazon, Microsoft and BP.

The US's $369bn climate legislation, the Inflation Reduction Act (IRA), promises to put the US at the forefront of the clean energy transition, but the act has its limitations.

Adam Bazih, head of Stellantis Ventures, says we're heading for a golden age of mobility tech as sustainable vehicles become affordable.

David Garcia, head of National Basketball Association team the Atlanta Hawks' venture fund, is targeting consumer experience ventures rather than sports technology.