Sapphire Ventures has raised $1bn in capital from its sole sponsor, software provider SAP, and will divide it into a $300m early-stage fund and a $700m growth fund.

The gaming product maker has formed a $30m fund called zVentures which will target sectors including virtual reality, game development and connected devices.

The university has supported the House Fund, set up by an alumnus, through its UC Ventures initiative.

Financial conglomerate Power Financial Corporation has contributed to a $96m second close for the firm's latest's fund, which also counts D+H as a limited partner.

Foxconn is the anchor investor in a $300m dollar-denominated fund closed by VC firm Sinovation Ventures alongside a $375m renminbi fund.

Baidu Venture will target artificial intelligence, virtual and augmented reality startups, and will operate separately to Baidu's existing CVC activities.

BASF and accelerator Ace have launched a scheme that will provide up to $47,000 each for three South American agricultural technology startups.

Imperial College London has backed a $53.7m fund set up by incubator Entrepreneur First to support graduating startups.

Conglomerate Sistema has formed its third fund collaboration this year, this time in partnership with Russian nanotechnology commercialisation company Rusnano.