Investment firm WFA Investments backs India-based personal finance company, as it is also reported to be in talks with a US-based hedge fund.

The plan reportedly involves funding 30% to 40% of those content producers which it backed with $100m last year.

Online Spanish language educator TareasPlus receives $1.8m in seed funding from distance learning provider Academic Partnerships.

Nuzzel, a social news platform set up by the founder of Friendster, reportedly raises $1.7m in seed funding from investors including IDG Ventures.

Online Spanish language educator TareasPlus receives $1.8m in seed funding from distance learning provider Academic Partnerships.

Silicon Valley Bank has invested $1.5m in online party planning start-up Punchbowl.com.

ING was joined backing the Belgium-based data management software company by venture firm Plug and Play Ventures and angels.