The firm, launched with a $100m investment by Illumina in April 2016, has added $130m from unnamed external investors.

Contract manufacturer Foxconn and IDG Capital will provide 10% of the capital for the fund, which will invest in transport technology developers.

The firm has reportedly entered early talks concerning a successor to its $93bn Vision Fund that could be even larger.

IdKids, Econocom, Bayard and Hachette Livre were among the limited partners to contribute to the $53.1m first close of edtech-focused Educapital's venture capital fund.

The universities of Manchester, Leeds and Sheffield have received government funding to improve the commercialisation ecosystem in northern England.

The insurer is offering $12,000 in seed funding as part of a new health and welfare accelerator formed in partnership with incubator H-Farm.

Akatsuki Entertainment Technology Fund will target entertainment technology startups, with an initial focus on augmented reality.

Microsoft has joined Madrona Venture Group, Notion Capital and Vertex Ventures to launch a contest for early-stage AI startups called Innovate.AI with a total prize pot of $3.5m.