BMW was among the investors that backed the UK venture firm, which will be divided into a $100m seed fund and a $150m growth fund.

The VC fund backed by E.ON has reached a $120m first close and promoted Patrick Elftmann to US managing partner.

Hybrid propulsion systems manufacturer Allison Transmission has hired Justin LaRocca as the director of its new venture arm.

The Canon Marketing Japan MIRAI Fund will invest in early to mid-stage startups in Japan and across the globe.

SoftBank Ventures Asia has changed its name to SBVA after closing its $150m 2023 Alpha Korea Fund.

The Biomedical Fund will invest in Indonesian health tech and biotech startups.

Equirus InnovateX Fund will invest in software, deeptech and fintech companies at seed stage, providing between $500,000 and $1m per deal.

The new fund called Myriad Venture Partners has received backing from IT corporation Xerox, which will be an anchor investor for the fund.

YF Strategic Insights will be managed by the company’s parent firm, YF Networks Group, joining sister unit PcComponentes Startup Booster.

The Japanese department store chain owner has partnered with Ignition Point, which already manages the corporate’s JFR Mirai Creators Fund.