UChicago Innovation Fund has been renamed to George Shultz Innovation Fund following a $10m donation in honour of the former Chicago Booth dean and US secretary of state.

Power Corporation’s Portag3 Ventures has achieved a first close of $150m for its second fund thanks to a range of insurance and financial services investors.

Patrick Murphy, who headed Universal Music's corporate venturing activities for three years, will head Web Summit's newly formed fund, which is targeting a $50m close.

The industrial cutting equipment maker has formed a unit called Hypertherm Ventures that will invest in advanced manufacturing and adjacent technologies.

SEI Ventures will invest in seed-stage companies and give startups the opportunity to pilot their technologies across the privately-owned Strayer University and Capella University.

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Significant Capital Ventures was officially launched this week with backing from Hindmarsh to invest in seed-stage spinouts emerging out of five Australian universities.

Significant Capital Ventures was officially launched this week to invest in seed-stage spinouts emerging out of five Australian universities.

The Japan-based insurer will partner TransLink Capital for sub-$5m investments and participate in larger deals itself, branching into areas like blockchain, IoT and healthtech.

The property manager and workspace operator has teamed up with venture firm Nippon Venture Capital for a corporate VC fund.