Arizona State University (ASU) is granted $1m to create a university venture capital fund for its start-ups and spin-outs.

Oxford spin-out Fuel 3D secures $2.6m ahead of planned summer financing round and a potential 2015 IPO.

STC Ventures, a venture capital fund independently managed by Iris Capital and whose anchor investor is the STC Group, has led a $1.7m investment in UAE-based Careem, a chauffeur-driven online car hiring service. The capital raised will be allocated to enhancing the Careem.com technology platform and expand its car booking service across the Middle East.

Whirlscape, a spin-out of the University of Toronto, secures $500,000 for its mobile device touchscreen keyboard.

Mobile prescription management platform raises $1m seeding funding led by Atlas Venture and including SROne.

Urban agriculture company BrightFarms raises $4.9m series B funding from investors including Tengelmann's Emil Capital Partners, in push to commercialise urban agriculture and keep building greenhouses near supermarkets.

German retailer Tengelmann Group has invested $3m in Asia price comparison site PricePanda. The capital will be used to expand into other markets in South East Asia.

Daum Communications,the largest Internet portal site in South Korea, with market cap of over $1bn and also one of the leading webcomic service providers in Korea, has invested $2m in a series A round for Tapastic, a US online portal for webcomics.