The firm announced its second fund the same day as one of its portfolio companies, University of Wyoming-backed Momentus, successfully listed on Nasdaq.

An undisclosed US university endowment has helped the consumer-focused venture firm hit a $118m final close for its second fund, surpassing its $100m target in the process.

The firm, which specialises in commercialising public and corporate research, has closed its largest fund to date.

Princeton University has approved a six-figure commitment to the student-run Prospect Student Ventures launched last year.

Rebel Launcher will enable restaurant and food startups to grow their businesses across India.

Venture capital firm Qiming Venture Partners has netted Xiamen C&D and unnamed insurance providers as limited partners for its latest renminbi fund.

The financial services provider is reportedly looking for a management team for the $100m fund in Germany. 

KII’s Eisai-backed second fund has closed a $99.3m second fund more than double the size of its predecessor, which closed at $43m five years ago.

The firm's LAV Fund VI and LAV Fund VI Opportunities funds have been supplied by $100m from Los Angeles County Employees Retirement Association.

Pidilite Industries and L’Oréal helped the consumer-focused venture firm hit a $118m final close for its second fund, surpassing its $100m target in the process.