Also in the seed round were venture capital firms Andreessen Horowitz, Ignition Partners and InterWest Partners, angel networks SV Angel, Start Fund and Y Combinator and angels.

Social CRM platform Nimble has raised $1m in seed funding with Google Ventures joining a raft of angels in backing the round.

The sports-focused social network has appointed the co-founder of mobile payments company Square to its board a month after he participated in a $750,000 financing round.

The crisis investment in loss-making gene therapy company Amsterdam Molecular Therapeutics is a band-aid measure which does not eliminate its negative equity position, but provides it with additional room for manoeuvre.

In June 2008, PeaceSoft partnered with the US firm to create eBay.vn, the only site which allows Vietnamese to buy and sell merchandise overseas by interacting directly with the 225 million eBay users worldwide

Mitsui Ventures - the investment wing of the centuries-old Tokyo conglomerate - led a $14m extended Series C round of funding for GMZ with the new backer providing a further $4.5m.

The social networking start-up, still in stealth mode, has gained $2.7m to add to a seed round supported by Google and Crunchfund.

The data analysis software company has raised $1.5m from backers including Reed Elsevier.

Apps Foundry's Scoop was launched in Indonesia last year and has more than 800 magazines, tabloids, and books in its stable.

The latest funding comes from local systems integrator Intec's corporate venturing unit Intec IT Capital, Neostella Capital (the VC formed in 2008 out of the merger of Mizuho Securities and Dai-ichi Life Insurance's respective units), Tokyo-listed internet business NGI Group, Nippon Venture Capital and Sumitomo Mitsui Banking Corporation's SMBC Venture Capital.