Sompo Holdings, Dai-ichi Life and Sumitomo Mitsui Trust Holdings have all backed MPower Partners' inaugural vehicle, which has a $150m target.

PayPal is one of 99 limited partners to have committed to the debut fund for the black entrepreneur-focused venture capital firm.

A total of 11 early-stage venture capital funds run by members of the black and Latinx community have secured part of $50m of commitments from PayPal.

Banco do Brasil, Lenovo, Multilaser, Motorola and Telefónica have committed to a $45m joint venture fund established by Qualcomm, Indicator Capital and BNDES.

Legend Holdings’s venture capital spinout has executed a secondary transaction to close its healthtech-oriented vehicle, LC Healthcare Continued Fund.

White Star Capital has pivoted its attention towards blockchain and digital assets through the final close of an investment vehicle dedicated to the space.

Unnamed corporate investors from the healthcare and life science sectors have helped 7wireVentures close its latest healthcare-focused fund.

Former Salesforce Ventures Japan head Shinji Asada’s firm has closed its maiden fund, and LPs include Eisai, En-Japan, Hogy, Japan Asia Group, Sansan, Gas One and Z Venture Capital.

Taraec Mohamed Hussein, head of investments, Fatima Gobi Ventures

Twitter and Motley Fool were among the LPs in the venture firm’s latest vehicle, which had a $100m target.