Telstra's corporate venturing unit has secured $50m for a fund that will function as a companion to the second fund it began raising last year.

LabCentral 238 has secured $12.5m from founding sponsor Astellas, which will also provide capital for LabCentral's existing incubator.

The petroleum producer plans to invest $350m in a newly formed unit called Petronas Corporate Venture Capital that will follow a separate $250m fund in July.

Notion Capital Venture Capital IV has added Texas A&M University to its limited partners as it seeks a $150m final close.

Huawei has been revealed as an LP in Oxford Sciences Innovation, investing late last year before the university blocked the corporate from philanthropic donations.

Huawei has been revealed as an LP in Oxford Sciences Innovation, having made its investment late last year before the university decided to block the corporate from philanthropic donations.

The mining and steel company has formed an open innovation scheme to encourage startups to solve issues it is facing in its everyday operations.

University of Wisconsin-Madison has become a limited partner in a $75m healthcare fund launched by Venture Investors.

Venture Investors has now raised $75m for its latest vehicle, from limited partners that include care provider Advocate Aurora Health.

MIT-founded companies will benefit from access to a new venture fund from venture capital firm Good Growth Capital.