La Poste will sell the 90% stake in Xange Private Equity it owns through its La Banque Postale division to Siparex, buying back a 20% share.

Swansea University is set to support research commercialisation and spinouts with individual investments of up to $77,500.

Although not strictly a fund, the expense management software developer's new initiative will involve it making seed investments in compatible startups, CEO David Barrett told GCV.

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

Cash Capital, the venture arm of the Chinese Academy of Sciences Holdings, seeks $322m in new fund.

Video streaming platform Youku Tudou has funded five startups, including a $50m investment in video portal AcFun, as it rebrands as an original content producer.

Edtech startups will each be able to secure up to $100,000 from Intel Education Accelerator, launched alongside a $5m partnership with Georgia Institute of Technology.

The venture capital fund, founded by two ex-members of IDG Capital Partners, has secured Zhejiang Daily Media as a limited partner.

Monk's Hill Ventures, which secured capital from Yahoo Japan last month, has signed up Cisco and Temasek as limited partners for its first fund.

The conglomerate has joined with SparkLabs to launch an incubator in the South Korean city of Incheon that will also receive local government backing.