MSD Global Health Innovation Fund will partner with MSD Idea Studio in Singapore and Berlin to identify investment opportunities.

Co-managed by Innoh Associates, the CVC unit will operate for seven years and back strategic areas such as marketing, retail, energy and AI.

The $11.4m fund will be co-managed by M&A consultancy Paradigm Shift, and it is part of the funeral firm’s 70th anniversary business plan.

The Brazilian beauty and wellness group’s CVC unit will target seed-stage opportunities in circularity, beauty and customer service segments.

Taiho’s Japanese university spinout-focused CVC arm’s capital injection came five months after its US sister unit got an additional $100m.

Having invested in 16 companies and scored two exits, the firm’s new investment vehicle will continue to back edtech startups.

UB Ventures’ new fund secured capital from its parent company, Wistron’s Wise Cap subsidiary, banks and other investors.

Alphabet alumnus Gideon Yu is reportedly raising $500m to back companies spun out of incubator X Development like 280 Earth, Waymo and Google Glass.

The CICC Porsche (Shanghai) Venture Capital fund, whose size is reportedly $118m, will target energy and connected vehicles in China.

Kuroneko Innovation Fund 2 has $51.5m in capital to continue to invest in strategic areas like cleantech, spacetech, fintech, robotics and AI.