The incubator is based at the University of Canterbury (UC) and Lincoln University in New Zealand.

As part of its $400m fundraising from Samsung's business units, which range from electronics to chemicals and heavy industry, SVIC has expanded its team and set aside part of the commitment to take seed-stage deals initially in the US.

The $65m KDDI Open Innovation Fund will invest in local and foreign companies and KDDI said it would also offer service development, platforms for cloud services using the phone operator's Au Smart Pass content offering, and support for promotional activities.

In this Darwinian strategy, LanzaTech's $55m round last week was a notable example, or big deal.

Onavo, a developer of mobile data compression applications, has raised a $10m series B round that sees Motorola Mobility invest through its venturing fund.

Social communication platform Shaker has added to the $18m in funding raised so far with an investment from Motorola Mobility Ventures, as it launches in the US.

France-based SFR joins Intel Capital backing G-cluster, a Japan-based company providing technology for video and gaming access.

Two senior executives in the firm's US office have left as the corporate venturing unit of Disney is refocusing towards China and eyeing a $200m to $250m fund with third party money for the first time.