The gaming services and media companies have put in an initial $140m and will target game developers, distributors, eSports and ancillary businesses.

The media provider, also an investor in Buzzfeed and Vox, extended its online and mobile media access by buying a 2.1% stake in Snap when it went public last week.

Legend has led a series A round for the web TV and film studio, which is now valued at $200m.

The software company has set aside $20m to invest in startups and will move some of its human resources staff to manage the new corporate venturing subsidiary.

Tencent, Alibaba and Yahoo celebrate an exit as Snap prices its shares at $17 a piece to reach a valuation of approximately $24bn.

Line, which already owned a 25% stake in the messaging service, has increased its shareholding to 48.6%.

LVMH has taken part in a round for ResearchGate, a professional network that is aimed at the scientific community and also counts backers such Bill Gates among its shareholders.

Rockfish-backed MomentFeed has added $16.3m to its coffers, enabling it to develop new products, features and services.

Tealium has closed its series E round following a commitment from Citi Ventures, having previously raised a $35m initial tranche in September 2016.