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With backgrounds in economic development, the VC firm’s co-founders are trying to raise the profiles of African tech start-ups that are addressing some of the continent’s toughest problems and highlight new venture destinations for investors.

The solo female GP is targeting $25 million for her debut fund after managing two funds at Portfolia.

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.

Impact investing, especially in emerging markets, is a new frontier for most investors; secondaries transactions will ease them in.

The industry has long fought off attempts at this kind of regulation, but many seem to accept it as inevitable, if not necessary.

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.

Point 406 Ventures V will invest in companies in the healthcare, data and AI and cybersecurity sectors.

Altman, who recently transitioned from CEO to chairman at his HR start-up Lattice, founded Alt Capital to invest in enterprise software companies using AI to improve operations.

AIX Ventures is an early-stage investor in AI start-ups, including Hugging Face, which is valued at more than $4bn.