The $157m fund will be the Legend Holdings-backed venture firm's second RMB-denominated healthcare fund and its third overall.

Cardeation Capital has raised $10m each from UPMC, Royal Philips and American Heart Association to make investments aimed at fighting cardiovascular disease and stroke.

The unit will provide up to $150,000 in funding for gaming or eSports projects in Eastern Europe.

Blockchain Valley Ventures has launched an incubator and VC investment vehicle with support from Lykke Corporation.

Financial services firm Westpac has put another $37m into Reinventure, and the venture capital firm now has $111m of assets under management.

Bharat Inclusion Initiative has already raised $12.5m to back projects in sectors such as financial inclusion, livelihood, education and health.

Siam Commercial Bank has committed another $50m to its SCB Digital Ventures unit, which will move away from fund-of-fund deals to more direct investments.

The corporate has already begun talks with potential limited partners for a second fund, while considering a $3bn investment in Paytm Mall.

BP has signed a memorandum of understanding with Nio Capital that is expected to lead to investments in advanced mobility technologies.