The motor company CVC is launching its second Exploratory Fund vintage later this year.
Yamaha Motor Ventures, the corporate venturing unit of vehicle and engine manufacturer Yamaha Motor, plans to launch a successor to its Yamaha Motor Exploratory Fund in October this year, the unit’s chief operating officer, Anish Patel, told Global Corporate Venturing.
Like its predecessor, the new fund will be capitalised to the tune of $100m, but its remit will be wider and include new areas such as fintech and software-based plays. The new vehicle will take a broader investment approach than its predecessor, according to Patel.
“We will stick to some of the original focus areas around mobility, healthtech and agtech, but we are adding fintech and insurtech to our thesis as well,” he said.
Yamaha also anticipates potentially making more opportunistic investments if the economic climate dampens valuations, leading the team to use more stringent metrics to assess startups, Patel commented.
The fund’s strategy will remain broadly the same as…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
