US-based cloud software company Box's corporate venturing unit Box Innovation Network is joined backing the construction blue-print company by 500 Startups and Navitas Capital.

Roy Williamson, head of Castrol InnoVentures, said: "The judging panel felt that WhipCar's use of a flexible direct-to-peer car share concept was something that Castrol is well placed to bring to life."

The Russian government foundation and the Moscow private business school are launching a training incubator for start-ups.

The Russia-based information technology company reportedly launches a fund looking to deploy $10m a year and backs an interactive air screen maker in its first deal.

DealAngel has reportedly raised $1.3m in total.

BVM Capital is a local venture capital firm that invests in life science opportunities from the Pennington Biomedical Research Center, the world's leader in diabetes, nutrition and obesity research.

The portfolio company also said its users have answered questions on more than 2,000 topics over 85 million times since it launched in October.

In a regulatory filing earlier this month, Vidyo said it had raised a further $2m from one investor on top of the $97m raised in total by September last year.

Separately, Mixpanel, a US-based analytics platform for mobile and web, has raised $10m in its series A round from a consortium including Salesforce's founder and chief executive, Marc Benioff.

Mark Offerhaus, chief executive of Micreos, said: "The investment by Altria Ventures will further accelerate availability of our products."