Singapore-based Pioneer Pharma has invested $2.5m into NovaBay Pharma.

Employees of the US-based social network will be given the opportunity to work on new ideas for up to three months.

Motorola Solutions, through its strategic investment arm Motorola Solutions Venture Capital, participates in a $2m Series A for indoor location system developer TRX Systems.

Japan-based Gree begins its expansion into second party mobile games with a $3m minority investment into mobile games developer Munky Fun.

Google Ventures has invested in a $1.5m seed funding for US-based real estate technology company HomeLight.

Dan'l Lewin, corporate vice president, strategic and emerging business development, Microsoft, said: "The Imagine Cup Grants will help students evolve a great idea for addressing a societal issue into a real-world business."

Bright Capital Digital backs the German online auction site which has raised $20m from e.ventures, Holtzbrinck Ventures, and the Raffay Group. This article was written by our partners for Russia East-West Digital News.

Google Ventures leads a first round of financing of $1.2m into US-based marketing start-up TrueLens

Qualcomm has led a $1.8m round of seed funding into Y Combinator-backed Plivo, a voice and messaging applications platform.