Fundraising

The fund will make initial investments between $500,000 to $1.5 million.

For new investments in Malaysia and other countries, the global venture fund has partnered with a sovereign wealth fund that shares its interest in applying digital technology to clean energy, healthcare and education software.

.406 Ventures closed its latest fund below target because, 'In this market there’s no rationality to go bang your head against a wall for another nine months,' says co-founder Liam Donohue.

ORI Fund II will invest in early-stage biotech companies.

Dutch venture capital firm Future Food Fund has closed its Article 9 impact fund on €40m, with commitments from the European Investment Fund, Risk Capital Resources, the Dutch Future Fund, Wageningen University & Research and regional development agencies Oost NL and NOM.

The fund follows Ibex's $100 million Israel early-stage fund raised in 2020.

LPs in Fund IV include Biprofy, Future Group, Japan Business Systems, Mitsui Sumitomo Insurance, Nippon Life Insurance and SBI Shinsei Bank.

Partech Africa II's limited partners include Africa Re and Dubai Future District Fund, Orange, AXIAN Investment and the African Development Bank Group.

WovenEarth Ventures announced it has closed its inaugural fund of funds on its hard-cap of $152m.

Earlybird Health Fund will predominantly invest in European companies across healthcare sectors including digital health, diagnostics, medical devices, R&D tools, and biopharma.