Almajdouie-backed human resources management platform Bayzat took its funding to $31m altogether in its series B round co-led by Point72 Ventures and Mubadala Capital.

Emtek, which had planned to sell as much as $55m worth of shares, will have to wait longer for an exit after the real estate marketplace withdrew from the proposed offering.

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.