Duke, Pittsburgh and Carnegie Mellon have put up funding for a China-facing consumer tech fund launched by two former managing partners of Qiming Venture Partners.

Seafood supplier Thai Union’s corporate venturing fund will focus on alternative food proteins, supply chain and functional nutrition technologies.

Renault Venture Capital led a series B round also featuring Volvo Group Venture Capital, Nationwide Ventures, Hyundai and Hyundai AutoEver.

Spinouts progressing technologies for road traffic and electric vehicle applications are among the first to have been selected for a Philippines government funding scheme.

Tencent has led a series E-plus round for Taimei as part of a capital influx totalling $212m, with SoftBank's SBCVC unit also among the investors.

The global positioning technology producer, which was co-founded by Alibaba and Norinco, secured the cash at a $1.84bn valuation.

Yeshiva University’s Innovation Lab accelerator has more than doubled the number participating in its latest cohort, with a number of AI-driven technologies among those selected.

Sean Liu, previously investment director for SoftBank Investment Advisers where he led China-based initiatives on behalf of its Vision Fund, has joined Legalist.

Drone services provider Aerodyne won the support of Axiata Digital Innovation Fund in a round that will fund hiring and research and development.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.