FIS Ventures is set to invest up to $150m in the next three years on behalf of its financial technology-focused parent company and has sealed its first deals.

The coffee chain has selected Sequoia Capital China as its partner for a strategic investment campaign in one of its two largest growth markets.

MSU Foundation will manage the sector-agnostic vehicle, which will invest $100,000 to $250,000 in pre-seed rounds for Michigan-based businesses.

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

The UK will provide approximately $312m in convertible debt for coronavirus-affected companies to match private investment, and has earmarked the rest for its Innovate UK agency.

The investment bank's diversity-focused accelerator has adopted a digital format with participants from across the financial, healthcare, industrial and services sectors.

The financial services developer will leverage the $52m it raised in November to establish a strategic investment vehicle.

ATM Capital got about halfway to its $200m target with help from Alibaba and 58.com before the coronavirus hit fundraising efforts.

Corigin's property and consumer technology-focused venture capital arm has closed its second fund and hired Aubrie Pagano in a partner position.

Quarterly data report: Q1 2020