Princeton-focused seed fund Chaac Ventures names SaaS firm Locent as first investment.

The newly merged company has secured funding from investors including Google Ventures.

Equity crowdfunding platform OurCrowd has launched a $10m fund targeting seed-stage companies.

Airware has launched a fund to support commercial drone startups, while DJI and Accel have set up a fund to invest in drone-related technologies.

The big data search platform, which has just emerged from stealth with $14m, is backed by ConocoPhilips, Chevron, General Electric and Intel.