Pegasus Tech Ventures will manage a fund that will help television shopping operator Japanet build Stadium City in Nagasaki.

The $126m first close of Ascent Fund II comes after BCG-backed B Capital secured $820m for its second growth-stage fund last year.

The pharmaceutical firm is joining forces with China International Capital Corporation, the investment bank with which it launched a $1bn fund in 2019.

ByteDance and Ant Group helped the venture fund, managed by DeePhi founder Yao Song, reach a $30.9m close.

Bill Ford becomes the third managing director of portfolio operations group at ICV after three years as Coca-Cola's director of venturing and portfolio management.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Tedco has hired Jack Miner as chief investment officer after he oversaw a team focused on Cleveland Clinic Ventures' portfolio companies and spinoffs.

Jeff Blackburn had overseen Amazon's corporate venturing investments as well as its merger and acquisition deals prior to moving to Bessemer Venture Partners.

Wilhelmsen and HHLA.Motion have helped maritime-focused venture firm Motion Ventures reach the first close of a fund with a S$30m ($22.8m) target.

Line Ventures, which had previously committed to the first Hustle Ventures fund in 2018, has returned to help it secure $33.6m for a second vehicle.