The venture firm, which is partners with Boston Consulting Group, said it now has in excess of $1.4bn of assets under management.

The banking firm joined Future Venture Capital for a $2.8m joint investment venture to back startups based in Japan’s Oita prefecture.

CAA and New Enterprise Associates have reportedly provided an initial $100m for Connect Ventures that could be upscaled to $400m.

Indicator Capital will oversee the $39m internet-of-things fund co-founded by Qualcomm Ventures and the Brazilian government in January.

Existing backer Bristol Myers Squibb returned to commit to healthcare venture firm BioGeneration Ventures' oversubscribed BGV IV vehicle.

Axa Venture Partners was among the limited partners that have helped the deep tech-focused venture firm raise $59.4m for its second fund.

GCV Powerlist member Kristin Aamodt is leaving Equinor Technology Ventures, which is being merged with a sister unit under Gareth Burns, to join venture firm ArcTern Ventures.

The new energy-focused fund has added Air Liquide's corporate venturing unit to limited partners including CMA CGM and Total Carbon Neutrality Ventures.

Life sciences venture firm 4Bio Capital has secured the biopharmaceutical company as the first strategic backer for its second fund.

Solvay Ventures veteran Alexandre Ouimet-Storrs has joined Mercia alumna Nicola Broughton to form a medical cannabis-focused investment firm.