One of Vietnam's largest conglomerates, Vingroup, and its founder, have set up a new CVC unit with $50m to invest in new startups.

The petroleum producer's $500m venture fund wants to back startups that can help Saudi Arabia become an artificial intelligence tech hub in the Middle East.

The universities of Durham, Newcastle, Northumbria, Sunderland and Teesside are the latest group of academic institutions in the UK to launch a fund to invest in their spinouts.

After launching Socium Ventures in 2023 with a $300m fund, the US conglomerate has announced a second $300m targeting tech startups.

Japan's sophisticated network of university investment funds make it an outlier among other Asian countries.

The initiative, also backed by Thai family office VC Boon Ventures, will target blockchain projects specialised in Move, the programming language by Movement Labs.

SETsquared's investment vehicle will fund companies that are spun out of the universities of Bath, Bristol, Cardiff, Exeter, Southampton and Surrey.

The Danish university's VC subsidiary, PSV Foundry, set up the fund to investment in environmental sustainability companies.

Formed in partnership with accelerator Founders Club, the CVC announced its first investment in embedded finance platform Baasic.

The European venture capital firm aims to raise a total €250m for its fourth fund by next year.