Michael Lynch (pictured), the former chief executive of software provider Autonomy acquired by computer maker Hewlett-Packard (HP), has reportedly raised £1bn ($1.5bn) for Invoke Capital, a venture capital firm to support university start-ups and industry collaboration. Invoke declined to comment on the press reports.

In an interview last year, Lynch said he set up Invoke Capital in order to bring a “gun” to the venture capital “knife fight”.

Lynch, paraphrasing a quote from the film Untouchables, said this was a…

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