Lux Ventures III his already invested in Gridco Systems, Kymeta, Kyruus and Shapeways.

Michael Lynch raises $1bn for Invoke Capital to support university ventures.

CAA is also a co-sponsor of Star Avenue Capital, a consumer growth equity vehicle that it formed alongside buyout firm Irving Place Capital.

Alibaba Group, an e-commerce firm based in China, and MediaTek, a fabless semiconductor company based in Taiwan, through affiliates are limited partners and members of the advisory committee of the SoftBank PrinceVille Fund.

Japan-based phone operator NTT Docomo joins fund as limited partner.

FVCG was started in 2006 with an initial $5m from the foundation to invest up to $500,000 each in 10 commercially viable new biotechnology companies.