ItaTech has committed an initial $33m to the fund, which will invest in spinouts emerging out of 19 partner universities and research institutes across Italy.

The entertainment-focused venture fund has raised a total of $35m, with new backers Adways, Axel Springer and ProSiebenSat.1 joining the likes of Sky.

The data management technology producer plans to invest $100m through an innovation fund and $50m through a social impact vehicle.

The pharmaceutical component manufacturer has committed $50m to Colorcon Ventures, which is being managed by Touchdown Ventures.

Eli Lilly, Astellas Venture Management, Wilson Sonsini Goodrich & Rosati and Zambon subsidiary Zcube all contributed to the firm's $60m third fund.

A new $10.4m vehicle targeting South Africa's university ecosystem is due to be approved on September 28.

The Visegrad Fund has been pumping money into driving innovation and entrepreneurship across Czech Republic, Hungary, Poland and Slovakia.

University of California-aligned Mission Bay Capital's third fund attracted UC Investments, Eli Lilly, Astellas Pharma and Wilson Sonsini Goodrich & Rosati as limited partners.

Monthly analysis: July-August 2019

Three corporate venturing windfalls have resulted in three different strategies to maximise shareholder value over the long-term.