Migdal Insurance, Harel Group, Menora Mivtachim Insurance and Hachshara Insurance helped the financial technology-focused investor reach a $120m first close of its latest fund.

The portfolio’s fair value rose by 21% and pre-tax profits are up 45% in the first half of Frontier IP’s fiscal year.

Axelys will become the successor to three separate tech transfer organisations in Quebec next month.

Helsinn is co-anchoring the second 3B Future Health Fund, which will target oncology and rare disease therapeutics startups as it seeks a $118m close.

JSR Life Sciences Corporate Venture Fund will invest in developers of innovative drug research, development or manufacturing technology.

SBI Investment will help manage the drug distributor’s Medipal Innovation Fund, which will invest in entrepreneurs in areas such as drug discovery and healthcare.

The firm specialises in setting up spinouts out of universities and corporations, and now has more than $1.6bn in assets under management.

The bank’s two open innovation initiatives, Nobunaga Capital Village and Juroku Bank Accelerator 2021, will target technology developers focusing on fintech and regional revitalisation.

Nuverse Inspiration Fund will invest in game developers on behalf of ByteDance's Nuverse gaming subsidiary.

ZILHive Ventures will invest up to $500,000 in early-stage and mature projects using Zilliqa's blockchain protocol.