UC Berkeley-related artificial intelligence companies could receive up to $120,000 under the university's partnership with incubator the House and Google.

Orange, Edenred and JCDecaux have put their weight behind Partech Africa, which has now secured more than $70m in funding towards its $123m target.

The financial services firm will invest $123m in sustainable businesses over the next three to four years, with the new fund to be led by Mark Weustink.

The research body will need an additional $123m in its budget to help meet government targets and keep pace with research investment in other countries.

UC Berkeley-related artificial intelligence companies could receive up to $120,000 under the university's partnership with incubator the House and Google.

Danone, AG2R La Mondiale, Bred and BPifrance are among the limited partners for the recently launched, France-based venture firm.

The marketing technology producer will be a partner for MathCapital, a newly formed venture capital fund that will operate out of the corporate's head office.

The joint venture will target early-stage logistics services and technologies such as big data, predictive analytics and artificial intelligence.

Trade body AzBio has joined two non-profit organisations to launch the AZ-HCIF commercialisation fund for life science discoveries.

The media and advertising group provided the capital for venture capital firm Spiral Ventures' Asia fund, which has a $50m target.