Led by two former Caixa Capital team members, Indico Capital Partners has raised $47m for the first close of a fund that will target Portuguese and Spanish startups.

Magenta Venture Partners, a joint venture between Mitsui and two Israeli venture capitalists, is seeking a $100m close to invest in Israel-based startups.

Venture firm ATM Capital has notched up a first close anchored by 58.com and the Alibaba-headed Electronic World Trade Platform as it seeks $200m for its debut fund.

Online and TV shopping outlet GS Shop will back a Vietnam-based accelerator run by 500 Startups providing participants with up to $200,000 in funding.

Former RTL Ventures managing director Vincent Pieterson has left the unit to set up asset management firm Averest Capital.

Immunotherapy spinout Annexon Biosciences collected funding from Novartis Venture Fund in a series C round that brought its total funding to $154m.

Shanghai Electric will invest $9.9m in the fund, which is targeting AI and smart manufacturing industries, while a Golden Concord subsidiary is putting up $10.2m.

Transport-focused venture firm Autotech, which closed a $120m corporate-backed first fund last year, has added $10m from car parts supplier Stoneridge.

Two former managing directors of Shea Ventures have raised $80m from limited partners including JF Shea for Calibrate Ventures' inaugural fund.

Itxaso del Palacio has left her partner position at M12 in order to become an investment director at venture firm Notion Capital.