Financial

Tsinghua mulls Japan-focused fund
Tsinghua’s Tus-Holdings is weighing up a venture capital fund as part of a $584m push into Japan’s artificial intelligence, fintech and robotics sectors.
InsGeek collects $14.4m
Legend Holdings has backed the insurance brokerage whose existing shareholders include Tsinghua Holdings and Fosun.
Bitfury joins Plekhanov university for blockchain accelerator
Plekhanov Russian University of Economics and Bitfury will pilot the program with Russian government funding in the latest of a series of blockchain-related projects announced by higher education institutions.
Columbia and IBM matriculate blockchain accelerators
IBM Blockchain Accelerator will focus on later-stage startups, while Columbia Blockchain Launch Accelerator has been established for pre-seed companies.
Poynt takes $100m series C payment
Backed by Stanford-Start X Fund and a trio of corporates, Poynt has now received more than $128m in total for its payment processing terminal and software business.
Readyfor fires up $4.7m round
Crowdfunding platform Readyfor has unveiled its first funding round, with investors including Globis, since launching from the wings of Tokyo internet services spinout Ohma in 2014.
Monashees mobilises Minnesota for $150m fund
University of Minnesota is part of a list of limited partners that provided $150m for Brazil-based venture firm Monashees to close its eighth fund.
Hard Yaka swings behind Yoyo Wallet for $30m
Hard Yaka has supplied $30m in funding to IP Group’s portfolio company Yoyo Wallet as part of a strategic partnership.

Other News

Washington credits fintech incubator
University of Washington’s CoMotion has formed a fintech incubator with nonprofit credit union Becu called the Becu Fintech Incubator.
Edison Partners welcomes Rutgers to $365m fund
Rutgers University was among a string of limited partners for the growth equity firm's ninth fund, which was oversubscribed from its $300m target.
Canada puts $25m into Toronto’s Creative Destruction
Canada’s Strategic Innovation Fund will provide $19.2m for accelerator Creative Destruction Lab over four years with the aim of supporting more than 1,300 science-focused companies.
Yale decrypts investment for $400m fund
Yale University’s endowment will reportedly back a $400m cryptocurrency-focused fund called Paradigm together with investors including Sequoia Capital.
Futurae authenticates $2m
Insurance firm Axa is among those backing ETH Zurich authentication technology spinout Futurae Technologies, which will use the capital for market expansion.
CoinAlpha accumulates $3.5m
Stanford University’s StartX Fund has joined Bain Capital Ventures, Ironfire Ventures and SharesPost for blockchain technology developer CoinAlpha’s opening round.

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