The $33.6m vehicle will invest through security services and technology provider Prosegur's Prosegur Tech Ventures subsidiary, in startups developing security and fintech products.

Bitburger, Kärcher and Deichmann joined existing backers Otto Group, Lidl, Dr Oetker and Porsche as the venture firm closed a $225m US vehicle and a $175m European fund.

The consumer electronic producer has partnered Daiwa Capital Holdings and the two are looking to raise up to $185m for Innovation Growth Fund, which has already reached its first close.

The electronics manufacturer has equipped a corporate venturing subsidiary with an initial $50m to fund early-stage companies developing power and energy technologies.

Cancer Research UK has partnered SV Health Investors to launch a $250m commercialisation fund, building on their successful collaborations before in establishing Artios and Kudos.

Corporate backers Unilever, Aviva and Sky are among the limited partners that helped the investment firm reach a final close of $253m.

The Japan-based advertising firm plans to spend about $92m on corporate venturing through 2023, having launched a unit dubbed Hakuhodo DY Ventures.

Ahren Innovation Capital, co-founded by eight Cambridge, UK, researchers, has reached its final close, having attracted limited partners including Unilever, Sky and Aviva.

The South Africa-based healthcare provider has teamed up with Founders Factory Africa to back healthtech startups based on the African continent.

Redbee has launched Venturebees with a $630,000 investment to back fintech, insurtech, marketing and digital media startups in Argentina.