US Cellular and Royal Bank of Canada are among the limited partners in venture capital firm Relay Ventures' third fund, which has already made 10 investments.

The organic foods producer will invest in startups and incubate new brands through a division dubbed Cultivate Ventures.

Abu Dhabi's Mubadala Development Company is in talks with SoftBank for a multi-billion dollar investment in its Vision Fund, which has set a $100bn target.

Wendell Brooks told attendees at the Intel Capital Global Summit the unit plans to invest more money in less companies, cutting its portfolio from around 400 to between 250 and 300 in the next six years.

Elanco joined existing backers including Bayer and Syngenta to add $8.5m to the accelerator's capital reserves, boosting them to $20m.

Washington University in St Louis has unveiled a $2m seed fund aimed at companies with a link to the institution.

Power Financial Corporation, IGM Financial and Great West-Lifeco have provided the capital for Canada-based fintech fund Portag3.

The technology development group has established a $250m second corporate venturing fund, less than six months after its $50m first fund.

Alibaba is set to launch a fund aimed at China's media industry as it also explores the creation of a new subsidiary that would support the digitisation of the cultural sector.

The commercialisation firm spun out of Imperial College London is seeking shareholder approval to rename itself to Touchstone Innovations.