Shalei Holway, formerly senior adviser at the US government's Small Business Investment Company, has reportedly become head of portfolio development at RTX’s CVC arm.

Vivian Cheng, formerly principal at venture firms CRV and Javelin Venture Partners, has joined the German industrial group’s CVC arm.

Jordan Turk, a nine-year veteran at the vehicle propulsion system producer, ascended to innovation and technology strategist.

The US petroleum supplier will continue to target areas such as decarbonisation, energy storage and carbon capture.

Bain alumni-founded Vendelux, Common Sense Privacy, Duckbill, Hived and Qube received funding from the management consultancy-backed fund.

Clean energy in general and carbon capture projects in particular were the key focus for energy sector investors in the first quarter of this year.

Venture services firm Mach49 has helped the owner of alcohol brands Jim Beam, Maker’s Mark and Yamazaki to launch the CVC initiative.

Frontier Fund II and Climate Fund II have each received $150m to further explore technologies like AI and renewable energy for the carmaker.

Metalab Ventures, backed by the interface design firm and other investors, will seek product-led startups from pre-seed to series A stages.

The joint programme with Founders Factory will target technologies strategic to the mining industry such as decarbonisation and automation.