Data analytics platform developer Starburst raised $250m in a Salesforce-backed round valuing it above $3.3bn while SoftBank co-led a $140m round for small molecule drug developer Ventus.

Venture firm NGP Capital has closed its Fund V with cash from former owner Nokia and promoted Bo Ilsoe to managing partner.

Daikin Industries, Hakuhodo, Zeon, Fuyo General Lease, Mitsubishi Estate and several banks helped University of Tokyo’s venture arm close its second fund.

University of Tokyo’s venture arm has reached a final close for its second fund thanks to commitments from 11 institutional investors including the institution itself.

Alibaba’s Greater Bay Area-focused fund is on its way to reaching its ceiling in the first half of this year, having secured a third of the $150m in capital so far committed.

The blockchain scaling technology developer’s token sale attracted SoftBank, Animoca Brands, Alameda Research, Bitfinex, Voodoo, Scopely, Unacademy and Celsius.

Venture firm Infinity Ventures Crypto recruited Animoca Brands and Circle on its way to closing the oversubscribed fund.

Orange Grove Bio has partnered SV Investment to jointly source therapeutics in South Korea and the US and create spinouts.

The fund, a joint venture for Intel’s corporate venturing unit and its Intel Foundry Services subsidiary, will seek out startups developing novel semiconductor technologies.

Milo Werner has joined The Engine as general partner as the MIT-founded venture firm confirmed its second fund has reached $302m.