Various Scandinavian corporate angel investors are backing the Finnish music service, which is confident it can change the way we browse for content online.

George Heinrich, chief executive of Foundation Venture Capital Group, said: "The link between gum disease and cardiovascular disease is strong enough for us to consider that Dr Fine's [Affineti founder Daniel Fine who is also a professor and chair at Department of Oral Biology at University of Medicine and Dentistry of New Jersey-New Jersey Dental School] research will impact health on many levels."

In a regulatory filing, US-based battery maker Ener1 said it was taking a $35.4m charge for loans to Think "based on the announcement by Think Global that, following an extended and ultimately unsuccessful search for long-term financing, it will file bankruptcy proceedings in the Norwegian courts on June 22".

UK-based quasi-public organization National Endowment for Science, Technology and the Arts (Nesta), Global Corporate Venturing and Kauffman Fellows identify main US and European accelerators and incubators.

Core Mobile said it was part of the Citrix Startup Accelerator Program with funding from Citrix and working out of its offices in Santa Clara, California, and would be raising venture capital in October.

Venture capital firms Originate Ventures and Osage Venture Partners reinvested alongside Kaplan Ventures after backing ProtonMedia's $2.5m series A round.

Advanced audio technology is music to the Scandinavian fund's ears.

Alongside BlueCross in the consortium providing R20.5 crore ($4.5m) to Wellspring are corporate venturing peer Reliance Venture Asset Management and venture capital firm Catamaran.

Joseph Doyle, Brainlab's chief financial officer, said: "Jan Medical is introducing an entirely new field of diagnostics that can impact everything from patient triage to surgical treatment."