Clean Energy Finance Corporation and family office Grok Ventures have committed to the fund.

Barda Ventures, the investment unit of HHS’s Biomedical Advanced Research and Development Authority, has committed a minimum of $50m.

The contract beauty product manufacturer’s sophomore accelerator cohort will follow a maiden edition held in July 2020 in collaboration with private equity firm Carlyle.

Project AsiaForward will provide tech developers to funding in addition to training and access to its venture capital connections.

Chuanghong Fund’s first close included corporate LPs Century Golden Resources Group, Country Garden, Joyoung and Hunan TV & Broadcast Intermediary.

Coupa has unveiled an investment vehicle dedicated to the business spending management sector and disclosed its first two investments.

The whisky brand’s Uncle Nearest Venture Fund will back minority-founded spirit companies and it has already invested in Equiano and Jack From Brooklyn.

The newly rebranded Toyota Ventures will split the cash between its Toyota Ventures Climate Fund and Toyota Ventures Frontier Fund.

The first close of the fund, a subsidiary of cigarette packaging manufacturer Huaxi Holding, included new and existing limited partners.

Sompo Holdings, Dai-ichi Life and Sumitomo Mitsui Trust Holdings have all backed MPower Partners' inaugural vehicle, which has a $150m target.