Earlier this week, The Business of Fashion (BoF) – a leading fashion blog – announced a $2.1m seed funding led by Index Ventures and including the French luxury goods group LVMH. Other investors are Novel TMT Ventures, Samos Investments, and Advancit Capital. It is yet another sign that investment in entrepreneurial ventures is a becoming a prevalent innovation strategy across a wide number of continents and sectors. The practice of corporate venturing is no longer limited to telecommunication, software, and pharmaceutical corporations. Apparel and food companies as well as financial institutions are increasingly pursuing corporate venture capital as an integral part of their innovation toolkit.