Sectors

Japanese companies operating in the EU become subject to sustainability reporting rules from next year. Many are using their CVC units to help meet targets.

The new fund will be part of the travel technology group’s TravelTech Lab subsidiary and invest in strategically relevant startups and funds.

Jordan McAlister has left the US telecoms firm after nearly three years leading its venture and innovation strategy.

Next Bharat Ventures, led by Vipul Nath Jindal, has begun accepting candidates for its four-month accelerator programme.

Grosvenor has invested directly in startups but this is its first investment into a VC fund.

LG’s incubation unit hired Ramkumar Krishnan, who worked at multiple renewable energy companies, to identify cleantech opportunities.

The former founder was an adviser to startups before taking on the new investing role.

Yong-Jung Park, who spent six years as investment director at Naver, joined its D2SF unit to lead AI, consumer and enterprise software deals.

John Suh, who helped launch CVC units Hyundai Ventures and Cradle, left the Korean carmaker after 13 years, without disclosing his next steps.

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

Hearst veteran Gabby Munoz, who was managing director at its strategic investment unit between 2019 and 2022, has rejoined the CVC team.