Game developers Nexon and Wargaming will join Zynga CEO Don Mattrick as limited partners in the fund, which will make initial investments of up to $500,000.

Seedcamp has raised $28m from investors including Yandex, Hays and DC Thomson, and will shift from being an accelerator to an early-stage venture firm.

The telecommunications business has exhausted the initial capital allocated to its Open Innovation Fund and has earmarked another $49m.

The stationery maker has established an $80m fund that will target businesses in the IT and office services sectors.

Sino-American accelerator InnoSpring, backed by Tsinghua, is aiming to raise $5m for its new fund.

The security software producer has now made five investments from its Silicon Valley-based fund and will target startups that are a strategic fit.

Bitfury Capital will act as an early-stage investment fund to help expand the bitcoin industry.

Belgium-based bank KBC has launched an incubator alongside five partners, including Accenture, to offer business space and support for local tech startups.

The company's Canadian branch provided an undisclosed amount for Georgian's second fund through its $150m Cisco Canada Innovation Program.