Healthcare-focused venture capital firm Heritage Group has closed $220m for its latest Healthcare Innovation Fund, having received investments from 15 care systems.

The banking group has launched a venture capital arm dubbed Neva Finventures with $34m in funding that is expected to be eventually boosted to $113m.

HTC has launched a $100m accelerator program and corporate venturing fund dubbed Vive X that will seek out opportunities in the virtual reality sector.

Outdoor advertising firm Focus will put up half the cash for the fund, which will invest in domestic and foreign sports-focused companies that can serve the Chinese market.

Americas Tax Innovation Foundry will develop technology in-house as well as hooking up with external startups.

The Germany-based firm has teamed with Israel-based Trendlines to form an investment partnership that will back local agricultural technologies startups.

The generic pharmaceuticals manufacturer has launched a corporate venturing subsidiary with an initial commitment of $30m.