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

Alongside fintech and consumer startups, this sector has seen the most startups go into administration since 2022. These are some of the reasons why.

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

After six years at the CVC unit, Katelyn Johnson will be managing director at the investment firm where she will focus on fintech deals.

Deutsche Telekom’s VC spinout’s third growth fund closed at $330m while DTCP and Porsche-backed Incharge Capital reached a $120m first close.

The Australian telecom firm’s VC affiliate changed its name to reflect its independent identity since spinning out in 2018.

The Bakery will help clients build CVC strategies while Staged Ventures will manage the funds and Pipe Ventures will provide deal flow.

Alphabet alumnus Gideon Yu is reportedly raising $500m to back companies spun out of incubator X Development like 280 Earth, Waymo and Google Glass.

The CICC Porsche (Shanghai) Venture Capital fund, whose size is reportedly $118m, will target energy and connected vehicles in China.

The mass media firms committed to Mercurius Media Capital’s new media-for-equity initiative, which is aiming to double its size by next year.