Two years after shutting its corporate venture capital subsidiary, the property developer has put $37.8m into the newly formed CapitaLand Innovation Fund.

PayPal and Carta were among the LPs that have backed the early-stage venture firm’s first fund, which will invest in e-commerce technology startups.

The joint venture between Grab and BRI’s respective accelerators will concentrate on Indonesia-based developers of technology for merchants and small businesses.

A total of 40 property owners, operators and developers have helped the real estate-focused venture firm close its sophomore vehicle.

PayPal is among the limited partners for venture capital firm SV Latam Capital’s second fund, which closed earlier this week.

Founded in 2017 with a $150m commitment, Crescent’s corporate venturing unit, CE-Ventures, has already invested more than $136m.

Michael Leskinen will be president of United Airlines Ventures.

$20m fund will back early-stage startups.

MetaVC has licensed about 200 patents on metamaterials from Intellectual Ventures for its companies to use.

Commitments include Enagás, a Spain-based gas grid operator.