CoorsTek, JSR, Mitsubishi Chemical, Sekisui Chemical, Henkel and Lam Research have contributed as Pangaea's latest fund reaches about halfway towards its $80m target.

SoftBank's semiconductor technology subsidiary will co-manage the Hou An Innovation Fund and has recruited several state-owned funds as limited partners.

The Australia-based financial services firm is closing the New Ventures subsidiary it formed in early 2015, having invested in three companies.

The Chinese government has raised $4.35bn for the first close of its China Internet Investment Fund, sourcing capital from a range of state-run firms.

Chinese conglomerate Fosun is set to make a splash in India through an investment partnership with local venture capital fund Iron Pillar.

The law firm has formed an accelerator called MDR Lab in partnership with early-stage investment firm L Marks for startups in the legal space.

The media company has closed SPH Plug and Play, its accelerator joint venture, and will instead focus on direct investments through its SPH Media Fund.

The virtual reality headset provider will provide the cash to content developers through a scheme called VR for Impact.

Data storage technology provider NetApp has launched an accelerator called Escape Velocity that could reportedly be equipped with up to $150m in capital.