Harvard-backed Xfund is preparing to raise a third fund to follow earlier vehicles targeting companies emerging out of the Harvard and MIT ecosystems.

Allianz has provided all the capital for AV8 Ventures' first fund, the VC firm being led by former executives at IBM Ventures and Qualcomm Ventures.

Deerfield Management has added yet another commercialisation fund to its roster, this time partnering University of Illinois at Chicago for a $65m vehicle.

CIC and Babraham Bioscience Technologies are among the co-founders of Start Codon, a life sciences accelerator set to invest in up to 50 seed-stage startups over the next five years.

MSU’s Student Venture Capital Fund will invest up to $50,000 in university-linked businesses with the administrative aid of MSU students taking the entrepreneurial finance course.

Railway operator Keikyu has selected Nature Innovation Group, Ecbo Cloak, NearMe, AirX and Tripla for its Keikyu Accelerator Program.

Blockchain-focused venture firm Proof of Capital has raised $50m for its first fund, which is anchored by strategic partner HTC.

China-based Longwater Investment’s advanced materials-focused fund has received a limited partner commitment from the chemicals producer's corporate venture capital unit.

SEB has formed a venture capital vehicle, Fairpoint Capital, to invest in B2B-focused startups out of a $97m fund with ex-SEB Venture Capital president Frederick Johansson as its head.

LPs including Sompo Japan Nipponkoa and Tokio Marine have put their weight behind Globis Capital Partners’ sixth fund, which is targeting a $335m final close.