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Why drinks company Diageo pulled out of investing in startups

A shift in focus to premium drinks brands and profitability, along with new strategic direction from the c-suite, may have played a role in Diageo's exit from Distill Ventures.


Jul 10, 2025

Indian airline IndiGo launches $52m startups fund  

The corporate investment arm of Indian airline Indigo targets consumer startups in the sustainability, digital solutions and advanced air mobility space.

Jul 10, 2025

MassMutual hands over Europe and Asia-Pacific startup portfolio to VC

VC firm Crane Venture Partners will oversee the insurer's $450m Europe and APAC funds and manage existing and new investments.

Jul 10, 2025

Can new recycling tech help solve fashion's polyester problem?

Startups are coming up with innovative technologies to make polyester production more sustainable, but the problem lies in scaling them.

Jul 9, 2025

Hoyem departs defence VC In-Q-Tel

George Hoyem has left the defence investment arm of the US government to join the investment committee of a Canadian VC investor.

Jul 9, 2025

Intuitive Surgical investor Keown launches his own startup to rethink outpatient surgery

Outpatient surgery can be up to 60% cheaper and produce better outcomes than hospital procedures, but the market is fragmented. Oliver Keown wants to fix that.

Jul 7, 2025

Coinbase UK's CEO: UK must not over-regulate if it wants to lead…

The UK is due to finalise rules on stablecoins next year and Keith Grose, CEO of Coinbase's UK subsidiary says the country has an opportunity to turn itself into Europe's leader in the industry.

Jul 4, 2025

Chechel leaves Shell’s startup investment arm

She joins oil and gas company Perenco’s cleantech fund after four years at Shell Ventures.

Jul 3, 2025

Fujitsu eyes frontier technology with second investment fund

Fujitsu Ventures has raised a new $104m fund to invest in AI and quantum computing — as well as even more cutting-edge emerging technologies.

Jul 3, 2025

Kumagai to lead investment at Japanese software firm Avant Group 

He will continue to serve as CFO and board director of Avant’s subsidiary Zeal Corporation.

Jul 2, 2025

Japanese bank group FFG launches $62m startups fund

Fukuoka Financial Group has launched its second corporate venturing fund, a joint venture between its CVC arm and fund manager SBI Investment.

Jul 2, 2025

Japanese broadcaster TV Asahi establishes $35m corporate VC fund

The ¥5bn fund will be operated jointly with Simplex Capital Investment and invest in content and technology-focused startups.

Jul 2, 2025
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