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The new fund, backed by European Investment Fund, Ikea Foundation and Convex, among others, is one of four ocean-focused funds that have raised a combined $647m.

Sands Capital Life Sciences Pulse Fund III will target private therapeutics, diagnostics, medical devices, and life sciences tools businesses.

LPs in Accel London VIII include the Delaware Public Employees' Retirement System, which committed $25 million.

Publicly traded sports-oriented gaming and entertainment companies and owners of professional sports team owners are looking for stakes in the technology infrastructure being built to expand cross-sell opportunities.

LPs in TrueBridge's eighth fund of funds include the City of Tampa General Employees' Retirement Fund, Oklahoma Law Enforcement Retirement System, Oklahoma Police Pension and Retirement System, The Fire and Police Pension Association of Colorado, University of Houston System and University of New Hampshire Foundation.

The fund attracted 50 investors, including Folksam, Första AP-fonden (AP1), European Investment Fund (EIF), Otto Group, KfW Capital, BMW Group, Saminvest AB, SEB, Credit Suisse, Nordea, Investcorp-Tages and the National Treasury Management Agency.

Bpifrance and Trill Impact led the round with participation from founding investor Sofinnova Partners, as well as Avestria Ventures and Kidron Capital Assets LP.

The fund's backers include Modi Rosen, co-founder/managing partner at Magma Ventures, Owen Davis, managing partner at Contour Ventures and Paul Martino, managing partner at Bullpen Capital.

A dozen climate-focused venture funds have raised a combined $3.5bn this year, according to Venture Capital Journal research.

Mercurius Media Capital has launched a venture fund of more than $50 million to invest in US media and advertising start-ups.