SINGAPORE: Sumitomo Life Insurance Company and SBI Investment Co. Ltd. jointly established a corporate venture capital (CVC) fund, Sumisei Innovation Fund to accelerate new value creation through open innovation. With the aim of being an “indispensable insurance company” for customers and society, Sumitomo Life has accelerated business co-creation with start-ups through making investments in venture…
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Ryder System Inc. launches RyderVentures, a new corporate venture capital fund
MIAMI: Ryder System Inc. has launched RyderVentures, a new corporate venture capital fund, a news release noted. RyderVentures will invest in and partner with start-up companies that are developing new technologies and business models that deliver advancements and automation in the logistics and transportation industries. RyderVentures is targeting $50 million in investments over the next…