GlobalCorporateVenturing

The company plans to use the new capital to expand domestic production of materials for semiconductors, defence, energy and AI infrastructure. Hitachi Ventures has led a $25m strategic funding round in Scimplify, an Indian advanced materials and specialty chemicals manufacturer, as the company prepares to expand its US research, processing and manufacturing capacity.

During his time at Devon Energy, Boyd led investment evaluation and portfolio strategy for a $1bn CVC portfolio spanning cybersecurity and fintech. Ervell Boyd II has left his role as finance and investments lead at Devon Energy Ventures, the corporate VC arm of US-based oil and gas supplier Devon Energy, to join VC firm Syn Ventures as principal.

Dhawan previously spent over 14 years at Shell, with the last four and a half as part of the ventures team. Chetan Dhawan has taken on the position of investment director at Taranis Carbon Ventures, the investment and impact project development arm of oil and gas company Perenco Group, where he will be supporting companies driving the energy transition and building a more sustainable future.

CVC teams serve different purposes from anticipating technological change to strengthening existing businesses. Their original mandate shapes their strategy, structure and measures of success. Corporations set up investment arms to solve many different problems — that’s the reason no two CVCs are alike — but optionality on new technologies is a key theme, especially for older businesses looking at how to remain relevant in a rapidly changing landscape.

Simran Grewal joined Standard Chartered in 2016 and moved to the SC Ventures team in 2021. Simran Grewal has left her investor role at SC Ventures, the corporate VC arm of UK-headquartered investment bank Standard Chartered, and joined HSBC as director of innovation and partnership enablement. Grewal spent a decade at Standard Chartered, starting in their transaction banking team and then moving to SC Ventures in 2021.

Bryna Cole spent nearly five years at The Blue Venture Fund before moving to join CVS Health Ventures as an investor. Bryna Cole has left her role as associate at The Blue Venture Fund (BVF) and Sandbox Industries to join CVS Health Ventures as an investor.

At Google, Borzi will lead advanced silicon sourcing and strategic investment initiatives supporting Google Cloud’s evolving technology infrastructure and long-term innovation strategy. Rafaella Borzi has left her role as vice president strategic partnerships and head of North America at Belgian nanoelectronics and digital technology research company Imec after 25 years to join Google as lead of advanced silicon sourcing and strategic investments.

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The fund will target early-stage German deep tech companies relevant to Bosch’s businesses, including automation, electrification, artificial intelligence and medical technology. Image courtesy of Bosch.

As head of Danaher Ventures, Venkatesan led Danaher’s investments, strategy and partnerships across the early innovation ecosystem. Murali Venkatesan has left his role as global head of Danaher Ventures, the corporate VC arm of global life sciences and diagnostics innovator Danaher. As head of Danaher Ventures and vice president of science, technology and innovation, Venkatesan led Danaher’s investments, strategy and partnerships across the early innovation ecosystem.