Rovio supplied $3m of the capital as game-focused venture investor Play Ventures closed a fund that was oversubscribed by $10m.

Max Life Innovation Labs will focus on startups in spaces such as artificial intelligence, blockchain, the internet of things and big data.

Clothing manufacturers Nodo and F&F are among the limited partners for a fund with a $50m ceiling, while Line Ventures is also expected to invest.

CTA’s $10m diversity vehicle has announced investments in venture firms Harlem Capital Partners and SoGal Ventures.

SoftBank employees, including some key executives, are reportedly being offered up to $20bn in loans to invest in its Vision Fund II.

Sunstone Management has launched a fund dedicated to portfolio companies of Long Beach Accelerator, co-founded by California State University’s Long Beach campus.

BBG Ventures, the female-focused venture fund formed by AOL, has set a $50m target for its third fund, the first to feature additional LPs.

Limited partners in the $97.2m fund include corporates Ardex, Autodesk, Cemex, Ferguson, FMI, Glodon, Haskell, Hilti, Obayashi, Sidewalk Labs and United Rentals.

Insurance group MS&AD Holdings has boosted the size of its corporate venturing unit eight months after its launch, having reportedly made in excess of 20 investments.

Motion-to-compel fines have been served to parties from Stanford University and Stanford-StartX Fund for blocking MedWhat's discovery request in the ongoing legal case.