Zeal Capital Partners has secured $22.3m for its debut fund, which was anchored by PayPal as part of a $50m diversity commitment.

HV Capital has rebranded from Holtzbrinck Ventures and disclosed a $625m Fund VIII backed by former parent company Holtzbrinck Publishing.

Marui Co-Creation Pitch 2021 will be made up of early-stage developers of sustainability, customer service and inclusive finance technology and products.

The angel investment firm, which focuses on University of Oxford-linked businesses, has raised an undisclosed amount towards the $5m target for its second fund.

ORI Healthcare Fund II has a target of $400m and pharmaceutical firm Hepalink could potentially provide up to $80m for the vehicle.

Eli Lilly has reinforced its partnership with the life sciences-focused venture firm, contributing to its TVM Life Science Innovation II vehicle.

Fearless Fund and Harlem Capital are among the funds PayPal plans to back as part of a $530m pledge to support racial equity and economic equality.

The logistics and transportation services provider expects to commit $50m to innovative startups through RyderVentures by the end of 2025.

HBCU Seed will invest in eligible startups from US historically black colleges and universities at a time of heightened tension over racial inequalities.

Unnamed corporate investors were among the participants as Legend Holdings' venture capital spinoff closed its latest fund.