PayPal is one of 99 limited partners to have committed to the debut fund for the black entrepreneur-focused venture capital firm.

A total of 11 early-stage venture capital funds run by members of the black and Latinx community have secured part of $50m of commitments from PayPal.

Microsoft has contributed to the artificial intelligence technology developer's OpenAI Startup Fund, two years after investing $1bn in the company.

IP Group has set up a joint venture with China Everbright that will invest in Chinese subsidiaries of the commercialisation firm’s portfolio through a $235m-target fund.

Banco do Brasil, Lenovo, Multilaser, Motorola and Telefónica have committed to a $45m joint venture fund established by Qualcomm, Indicator Capital and BNDES.

The institution has committed $40m to Chengwei Ventures Evergreen Fund LP and $55m to two Eclipse Ventures funds.

Legend Holdings’s venture capital spinout has executed a secondary transaction to close its healthtech-oriented vehicle, LC Healthcare Continued Fund.

The newly established Alteryx Ventures will fund companies developing business-to-business software which can integrate with its parent's APA platform.

Imec's venture capital arm has received $36.7m in capital from the Flemish government for its sophomore fund.

CA Startups Internet Fund 3rd has closed with $55.5m of funding.