THC Ventures has led a $14.5m round that will fund Light Theto's R&D activities.

The funding for Shimane's Nanotechnology Project Center came from San-in Godo Bank through an industry-academia cooperation program.

Ben-Gurion University of the Negev has announced a university venture fund called Cactus Capital to run in conjunction with a VC investment course for its students.

Venture firm ATM Capital has notched up a first close anchored by 58.com and the Alibaba-headed Electronic World Trade Platform as it seeks $200m for its debut fund.

SoftBank Ventures Korea has relaunched as SoftBank Ventures Asia with an expanded remit that will take in the US and Europe as well as the whole of Asia.

A subsidiary of Suning has backed the community e-commerce platform's series A round, with the proceeds to fund geographic expansion and enhancement of its supply chain.

Existing investor Tencent returned in a $29.1m round for automotive media platform Youche Yihou, which also counts BlueFocus among its earlier investors.

Existing backers Baidu Ventures and Lenovo Capital and Incubator Group contributed to a $14.5m round that will fund Light Theto's R&D activities.

Three months after raising an initial $75m in series C funding, CarDekho has closed the CapitalG-backed round at $110m.

Ant Financial is set to lead a round that could value online restaurant listings and ordering platform Zomato at $3bn, while SoftBank looks to rival Swiggy.