The low-cost clothing retailer, which wants to list in London this year, will back European sustainable fabric companies through the fund.

Julien Auchecorne will lead digital asset trading firm Auros’s Ventures unit, which has invested $15m in 14 companies since late last year.

The new fund will be part of the travel technology group’s TravelTech Lab subsidiary and invest in strategically relevant startups and funds.

Venture firm Vireo Ventures has received an undisclosed sum from the utility’s CVC unit, representing the latter’s second fund investment.

The Chilean auto parts manufacturer has shut down its $20m startup investment subsidiary and its Emasa Mobility Hub after three years.

Zendesk Ventures will target startups developing AI technology that can be used with its corporate parent's customer service platform, from seed onwards.

MSD Global Health Innovation Fund will partner with MSD Idea Studio in Singapore and Berlin to identify investment opportunities.

Co-managed by Innoh Associates, the CVC unit will operate for seven years and back strategic areas such as marketing, retail, energy and AI.

Customer analytics platform Dunnhumby and its CVC unit will run the networking scheme to help match retail startups, partners and investors.

The $11.4m fund will be co-managed by M&A consultancy Paradigm Shift, and it is part of the funeral firm’s 70th anniversary business plan.