The new vehicle will invest in seed and series A-stage companies in the artificial intelligence sector, using capital from the $150m Samsung Next fund.

Exor Seeds will invest in technology startups, with PartnerRe and Exor each providing half the capital for the fund.

Scor Life and Health Ventures will invest in the life insurance sector and has made its first deal by committing capital to health and wellness company iBeat.

Sun Life Financial and La Capitale are among the limited partners in Luge Capital, a venture capital fund focused on the fintech sector.

The payment processing firm has launched a $100m investment fund to invest in European fintech startups and created a fast-track onboarding program.

Lockheed Martin Ventures will now have double the amount of capital under management to invest in sectors such as autonomy and advanced manufacturing.

The corporate venturing arms of CMA CGM and PSA International have joined forces to drive digitisation and innovation in the logistics sector.

Pfizer Ventures is set to invest $600m in biotechnology, with neuroscience a key focus, bringing the size of its corporate venturing activities to more than $1bn.