Fundraising

HubSpot finds room for $30m fund
Enterprise software producer HubSpot has unveiled a corporate venturing fund that will make strategic investments in software-as-a-service developers.
L’Oréal shows corporate venturing is worth it
Cosmetic brand L'Oréal's Bold Business Opportunities for L’Oréal Development has already made its first investment, in online fragrance creator Sillages Paris.
Constellation to pour $100m into female-led startups
Alcoholic beverage producer Constellation Brands plans to provide $100m for female-led companies through its newly formed Focus on Female Founders initiative.
Bytedance takes a turn at corporate venturing
The digital media company is putting together a $1.44bn fund in which it will provide 20% of the capital, targeting state-owned vehicles for the rest.
Arrive tunes up $40m fund
The entertainment agency's Arrive unit, which hasalready backed Robin Hood and Ethos, has raised $20m for a investment fund with a $40m target.
Salesforce Ventures sends $100m to Japanese fund
Salesforce Ventures has followed the formation of a $100m Canadian fund in May by investing a further $100m in Japan Trailblazer Fund.
Finland adds to corporate impact investing
Energy utility Fortum is putting $170m into venture firm Valo Ventures, which was founded by CapitalG alumnus Scott Tierney.
PwC Singapore finds its Tribe
PW Singapore and Icon have formed partnerships with Tribe Accelerator, a newly-launched program focused on blockchain startups.

Other News

SoftBank expands Vision Fund prior to China entry
SoftBank's Vision Fund has got closer to its $100bn target and now stands at $98.6bn, as it puts together a team for its Chinese office.
Icos cultivates another corporate for $57m fund
Royal Cosun has joined fellow corporates Bühler, AkzoNobel and Wuppermann as LPs in the cleantech and sustainability-focused fund.
Qualcomm thinks up $100m AI fund
The fund will invest a total of up to $100m in artificial intelligence startups and has already made its first investment in facial and object recognition company AnyVision.
Zeroth to partner with SoftBank's Deepcore
The Animoca Brands-backed accelerator will share information and invest alongside SoftBank's artificial intelligence-focused Deepcore.
Mapfre maps out anchor role in insurtech fund
The insurer has taken on the anchor investor role in Mundi Ventures' Alma Mundi Insurtech Fund, supplying $28.3m.
Base10 brings in Banco Sabadell
Banco Sabadell’s InnoCells subsidiary will invest $10m in an AI-focused fund managed by Base10, which has now raised at least $147m.

Editor's Picks

Salesforce Ventures sends $100m to Japanese fund
Salesforce Ventures has followed the formation of a $100m Canadian fund in May by investing a further $100m in Japan Trailblazer Fund.
Schneider Electric recharges corporate VC vehicle
The corporate has resurrected the Schneider Electric Ventures unit it folded into Aster in 2010 and will invest up to $565m through the vehicle.
National Grid charges up $250m investment arm
Energy technology and software-focused National Grid Partners is headed by Lisa Lambert and has two other Intel Capital alumni in its team.
Taiho takes corporate venturing fund to $300m
Taiho Ventures, launched two years ago with $50m in capital, has had its reserves expanded by a further $250m as Taiho Pharmaceuticals looks to enhance its open innovation work.
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