Google Ventures' Krishna Yeshwant said the investment in the pharmaceutical research and discovery software company comes at a time the pharmaceutical industry "is going through one of the most dramatic transformations in its history".

The China-based private equity firm will reportedly work with the three corporates, including Cathay Financial Group, to invest in app design companies.

The WPP-owned consultancy business snaps up a stake in GME.FZ, a Dubai-based consultancy company it has worked with as a franchise partner since 2007.

The India-based clean tech fund has already raised $9m with backing from BP Ventures and the Indian government.

The drug development company backed by Ucyclyd, part of Medicis Pharmaceutical Corporation, is looking to raise the funds as it seeks Food and Drug Administration approval for its main product.

Sadara, a Palestine-focused investment firm, is reportedly nearing its first investment after raising a fund last year backed by Google, Cisco and others.

InnoSpring, a US-China incubator backed by China-based Tsinghua University Science Park, launches its seed fund with backing from firms including Kleiner Perkins Caufield & Byers and TEEC Angel Fund, which is founded and funded mainly by entrepreneurs and executives graduated from Tsinghua University.

Intel Capital backs the social dating network's seed round along with CrunchFund and other investors.

InnoSpring, a US-China incubator backed by China-based property company Shui On Group, launches its seed fund with venture capital backing from firms including Kleiner Perkins Caufield & Byers and Northern Light Venture Capital.