The insurer has taken on the anchor investor role in Mundi Ventures' Alma Mundi Insurtech Fund, supplying $28.3m.

Banco Sabadell’s InnoCells subsidiary will invest $10m in an AI-focused fund managed by Base10, which has now raised at least $147m.

Michelin Ventures is in the process of closing its fourth investment and hopes to invest between $28.5m and $34m per year.

SK China has put $266m into a new fund launched by Legend Capital that will focus on early-stage companies in the IT and healthcare sectors.

Bitfury and Plekhanov Russian University of Economics will pilot the program with Russian government funding.

IBM Blockchain Accelerator will focus on later-stage startups, while Columbia Blockchain Launch Accelerator has been established for pre-seed companies.

USC Marshall Venture Fund has been launched to back university-linked companies and train business students with the aid of a 17-person investment committee.

Research from Chinese Academy of Sciences will benefit from a vehicle backed by the government of Guangzhou in areas including intelligent manufacturing and energy efficiency.

Norwest Venture Partners' Vab Goel is overseeing a $500m US fund that has been closed by Japanese telecommunications firm NTT.

Novartis Venture Fund returned to reinvest in inflammatory disease drug developer Inflazome as part of its $45.6m series B round.