As a $677m evergreen fund, the proceeds from any exits will now be reinvested, Merck said.

Microsoft and GS Group among LPs to Closed Loop Venture Fund II.

The Nordic region is home to the two highest ranked medical academic institutions in the European Union.

Multiple corporates have helped staffing software provider Paradox close a $200m series C round, and electronic parts maker BOE Technology is putting up about $47m in a Chinese state-backed vehicle.

Goog Growth Capital invests in seed stage and series A deals.

Hormel’s 199 Ventures backed the new ventures fund, which is targeting $25m.

Emasa Ventures will have an initial $10m in its set-up stage with a further $20m to then finance startups.

Chinese drug discovery platform QureBio raised corporate funding last week while JD.com and Qi-Anxin Technology Group were among the LPs that helped set up the $470m Shoudu Pan Healthcare Industry Fund.

2TM Ventures formed with spate of dealmaking

The fund will invest in the ecosystem surrounding PlanetWatch.