The smart energy-focused Set Fund II has secured Shell, Essent and Delta as limited partners and expects to reach a final close by the end of March.

The financial services firm has teamed with VC firm Nest for a Singapore-based fintech incubator called The Open Vault.

Index Ventures spinout Medicxi Ventures has launched with a $230m first fund backed by GlaxoSmithKline and Johnson & Johnson.

The staffing services company has formed a corporate venturing unit called Temp Innovation Fund that will fund HR technology in Japan and internationally.

Nomura has partnered Keio University to raise an $84m fund aimed at startups in sectors such as space technology, life sciences and regenerative medicine.

Nomura has partnered Keio University to raise an $84m fund aimed at startups in sectors such as space technology, life sciences and regenerative medicine.

Cocoon Networks, working with UCL, sets up London's largest incubator to support Chinese investment in UK technology companies and launches a $720m fund.

The Rakuten Ventures Japan Fund will provide capital for startups in its parent company's home country and is the fourth fund it has launched in the last three years.

Imperial College London, UCL and Cambridge University have joined forces with three pharmaceutical firms to form the Apollo Therapeutics Fund.