The second Vision Fund has reached its first close, though the sum is a far cry from the $108bn in MOUs it secured from potential backers earlier this year.

Amazon Web Services is set to supply almost $25m for black-owned startups in the country as part of a government initiative.

Paytm has revealed it invests an average of $28m to $35m in startups each year but has now set aside $70m specifically to back early-stage artificial intelligence technology developers.

The vehicle, the latest in Salesforce’s series of Trailblazer funds, builds on the original SI Trailblazer Fund launched in 2017 that has been fully committed.

Alibaba's nonprofit Hong Kong Entrepreneurs Fund will move into biotech, augmenting its existing portfolio focus on AI, fintech and smart cities.

UCLouvain's Vives hopes to raise $55.4m altogether for a new VC fund targeting its spinouts and those of regional academic partners, and has already attracted the support of limited partners including Axa Belgium.

UCLouvain's Vives hopes to raise $55.4m altogether for a new VC fund targeting its spinouts and those of regional academic partners.

AstraZeneca has partnered CICC to launch a fund that will invest in Chinese startups exploiting technologies such as artificial intelligence to improve healthcare.

Indian Angel Network has achieved a final close of $53m for its inaugural fund thanks to limited partners including Hyundai, Max Group, India Infoline and Yes Bank.

A write-down on WPCT's largest asset Industrial Heat has left the trust in breach of its own borrowing limit, sending shares spiraling 7.6% during Monday's trading.