Standard Chartered and Goldman Sachs look likely to be joined by Apple and Microsoft, while SoftBank will commit about $40bn to the fund's forthcoming second iteration.

Pennsylvania Biotechnology Center of Bucks County is launching a $50m fund to invest in resident startups and to help establish university spinouts.

State-run Bank Negara Indonesia is planning to launch a corporate venture capital fund to invest up to $50m in fintech startups including mobile wallet provider Finarya.

The telecommunications group is expected to supply as much as $50bn to the vehicle, which may be announced as soon as this week.

VR tech developer Moiin will seek $100m for a new vehicle to back small VR projects as it pursues internal development of high-spec VR systems and an immersive VR software platform.

Nippon Life's corporate venturing unit has selected the 10 startups that will make up accelerator 50M’s second batch.

Financial services provider Consorcio has partnered HCS Capital Partners and will invest $20m in Latin America-based fintech startups over the next five years.

The unit has secured $270m in capital for its new early-stage fund ahead of a final close expected to take place in the next six months.

Prosegur has backed the $73m first close of Adara Ventures III, which will focus on deep technology developers in the business-to-business space.

Novartis, Johnson & Johnson, Verily and GSK have all returned for Medicxi’s latest fund that brought the firm’s total assets under management to more than $1bn.