The SAP Ventures Fund II targets later-stage entrepreneurs and complements the $405m SAP HANA Real Time Fund, a fund that has so far committed to 11 third-party, early-stage venture capital funds.

Kyoto University unveils its second venture fund for investment across Asia with $60m backing.

Daiichi Sankyo has committed Y100m ($1m) and Mitsubishi UFJ Capital will be investing as much as Y200m ($2m) with the Organization for Small & Medium Enterprises and Regional Innovation pledging Y450m ($4.5m).

Dell Ventures, whose parent company Dell is being taken private by its founder Michael Dell, is reported to have widened its investment focus.