The fund, which has already made its first investments, will offer between $50,000 and $200,000 to both spinouts and student startups.

SoftBank bought $500m of shares as online insurance platform ZhongAn priced the largest ever fintech IPO in Hong Kong, giving exits to Ping An, Tencent and Ant Financial.

Corporate-backed online ticketing service Weiying is set to merge several of its assets with peer Maoyan, which is majority owned by Enlight Media.

Shenzhen Grandland Group has taken part in a series A round for supply chain services provider YH Global, which operates logistics centres in more than 50 Chinese cities.

BMW i Ventures has led a series A round for DSP Concepts, the creator of software that helps developers add voice control to their products.

Industrial internet-of-things technology developer Cloudleaf will use the proceeds from its Mahindra Group-backed series A round for innovation and product commercialisation.

TAL Education and existing investor Follett Corporation were among the participants in a $10.1m round that took the total raised by the critical skills learning platform to $14.8m.

Intel Capital has participated in an inaugural funding round for Vexata, which has just released its data storage technology platform.

The digital wallet operator has raised $9m in a series B round that will help consolidate its product launch in 40 different markets.

AbbVie Ventures is among the backers of a $30m series A round for Disarm Therapeutics, a biotechnology spinout from Washington University in St Louis.