Pegasus Tech Ventures will help the spark plug and ceramic manufacturer back global entrepreneurs working on healthcare, distributed generation and automotive innovation.

Misr Insurance Group has backed a final close of about $70m for the Egyptian venture firm's latest fund.

Algebra Ventures is seeking a $90m final close for a fund that has reportedly secured Cisco as a limited partner.

The venture firm’s TheSeedCapital2 vehicle has reached a $5.5m close having secured commitments from LPs including Daiko Advertising and Giftee as it targets $13.7m.

Life Co-Lab targets entrepreneurs working on smart city and home technology and follows a similarly themed Asahi Kasei Home Products Accelerator in 2019.

Merlin Ventures' growth initiative is set to provide up to $5m in funding for cybersecurity software developers.

The fund will provide portfolio companies with cash and access to BlackBerry’s customers as well as access of up to $100,000 in AWS credits.

Time Publishing and Media has invested in Qingsong Fund’s latest renminbi-denominated fund, which has now closed.

Each week the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

The units have combined to form Z Venture Capital following the merger of their parent companies, and will invest out of a $271m fund.