Inner Loop Capital has raised $2.6m from investors including Bloomberg Beta for Syndicate Fund, which invests in cybersecurity and enterprise technology startups.

The chipmaker will choose 10 to 15 pre-seed developers of artificial intelligence, autonomous and data technologies based in Israel to participate in the accelerator.

Hustle Fund has raised $10m for its $50m second fund, for which Shanda is reportedly returning as a limited partner.

National Grid’s corporate venturing arm has committed $90m of its $250m initial budget, having backed a total of 12 portfolio companies and three venture capital funds.

Invengo has joined Shenzhen HTI Venture Capital to launch a fund aligned with its IoT business that is initially aiming to raise about $43m on the way to a $145m targeted close.

Spinouts are in line to receive a share of the government funding to advance quantum applications spanning computing, imaging, sensors and communications.

The venture capital firm’s inaugural early-stage fund, Crane I, has reached its $90m hard cap with contributions from LPs including MassMutual Ventures, with which it has established a strategic alliance.

Keppel is among the limited partners in the VC firm’s Southeast Asia-focused third fund, which has achieved a $60m first close on its way to a $100m ceiling.

Woodford Investment Management has reportedly disposed of its stakes in IP Group and Allied Minds, as its scramble to meet regulatory thresholds and redemption demands from investors in its Equity Income fund gathers pace.

Third Rock’s fifth vehicle will bid to form and invest in more promising biotech ventures to follow the likes of multiple spinouts, such as Johns Hopkins' Thrive Earlier Detection.