Financial

The Canadian Imperial Bank of Commerce backs StoneCastle Partners, an investor in banks, which has $4bn in assets under management.

Geopost, international delivery subsidiary of France-based La Poste, is stepping up its presence in corporate venturing and one of the companies it has could soon have Olympian Usain Bolt as a torch carrier.

The Flextronics International-backed human resources and finance software company plans to list ,after having raised about $265m in its history.

Thomas Whiteaker's move to leave as head of the Hartford's corporate venturing unit for Spain's BBVA, reunites him with former Visa colleague Jay Reinemann.

SumUp, a European rival to mobile payment company Square, raises a $20m series A round backed by Germany-based retailer Tengelmann's corporate venturing unit, b-to-v Ventures and others.

US-based investment firm SF Capital Group provided the $4m C round extension and, along with Lighthouse Capital Partners, has provided $17m in venture debt to On Deck.

OnLive restructures to leave corporations nursing their pain.

The question taxpayers, voters and employees will start to ask is whether government strategies are priming an innovation capacity in areas that a country, ie its companies primarily, have no interest or capacity to commercialise whether through corporate venturing and then acquisitions?