MassMutual Ventures has followed up on the $50m Southeast Asian fund it launched in late 2018 with a second vehicle dedicated to the region.

Venture firm Winreal Investment has raised $146m for the first close of its 5G fund, which counts SAIC, Sunon, Dahua, ZhongJi InnoLight and Zhebao Media as limited partners.

Alibaba Entrepreneurs Fund and HSBC’s Jumpstarter 2020 contest is holding its Grand Finale event in Hong Kong next month, with each winning startup to receive up to $5m in funding.

The space-focused venture firm, which counts corporates OHB, Post Luxembourg and SES as backers, has achieved a first close sized at $77.9m.

The semiconductor producer’s investment vehicle has partnered Brazilian development bank BNDES to set up a $39.3m fund to provide seed to series A funding for internet-of-things startups.

Nestlé's $258m sustainable packaging fund, Citi's $150m Impact Fund and Microsoft's $1bn carbon capture fund illustrate how corporates are adopting to new challenges.

Kairós Digital Solutions has hired Pedro Trucharte, who helped set up MásVentures for MásMóvil, to establish its corporate venturing vehicle, Kairós Ventures.

Wipro's strategic investment arm has followed its $100m first fund with a second one, having backed 16 companies and exited two.

AI2's new pre-seed fund will help create 12 new spinouts in fields such as deep learning, computer vision and natural language processing.

University of Pittsburgh Medical Center’s investment and innovation arm has allocated $1bn to drug development funding over the next four years.