Totalizator Sportowy set up the $26.8m fund with the support of state-backed fund of funds PFR Ventures and the National Centre for Research and Development

The newly formed Pinnacle Ventures is equipped with $50m of capital and will concentrate on investments in reliability technology.

Daimler will retain 10% of 1886Ventures, which has been formed out of its 1886Labs unit, and will be a client of Deloitte's Digital Ventures team.

Ilya Gelfenbeyn has formed a new venture capital firm having left his role as head of corporate venturing vehicle Google Assistant Investments.

Julie Kainz has departed from Salesforce Ventures and joined venture capital firm Dawn Capital as a vice-president.

Q&A with Tarik Galijasevic, managing director, ASV

Raghupathy Sivakumar, a professor of electrical and engineering, has been selected to consolidate Georgia Tech's tech transfer strategy as chief commercialisation officer.

James Fogt has been promoted to lead Harris-Stowe State University's new tech transfer office having been with the historically black public university since 1999.

Q&A with Heri Diarte, head, SE Ventures

Tony Raven, CEO of Cambridge Enterprise and a GUV Lifetime Achievement awardee, will step down by the end of next year.