The biotech investment firm is the first external life sciences investor to get a fund commitment from pharmaceutical company Sanofi.

The pharmaceutical firm was one of the contributors to the first fund closed by healthcare tchnology accelerator Start Codon, at $19.7m.

Restart the Future is tasked with helping to build 1,000 Swedish startups and its partners include Ericsson, Nordea, Amazon Web Services, Max Matthiessen, Ramboll, Werlabs, Mavenir, Mondial, Baker McKenzie and Stena.

Cleantech-focused Breakthrough Energy Ventures II has attracted corporate backing on its way to a projected $870m close.

Dave Zilberman has taken up a general partner position at Norwest Venture Partners after nearly 15 years as a managing director at Comcast Ventures and its predecessor.

Seed-stage investment platform Seedcamp has attracted Legal & General and Rabobank to its fifth fund as two of about 80 limited partners.

Venture firm Seventure’s Health For Life Capital Fund II has received a contribution of undisclosed size from Archer Daniels Midland.

Miles Kirby, former managing director at Qualcomm Ventures and Allianz's AV8 fund, has launched a UK-based accelerator and fund.

Drug producer Kyowa Kirin helped the life sciences venture firm, a spinoff from Elan Corporation, close an oversubscribed $146m third fund.

Zeal Capital Partners has secured $22.3m for its debut fund, which was anchored by PayPal as part of a $50m diversity commitment.