Alongside XAnge as a repeat investor were venture capital firms IBB and Grazia Equity, while peers Nauta Capital and Cipio Partners came into the consortium as new members.

The venture capital arm of GMO Internet Group company and Japan-based venture capital firm, GMO VenturePartners, has launched GMO VenturePartners Fund III.

US-based Aerie Pharmaceuticals, backed by TPG, has raised $3m toward a $15m round of debt, rights and securities,

Drug company Catalyst Biosciences, backed by Johnson & Johnson Development Corporation, raises $13.4m in its latest round. The company is developing proteases for the treatment of a broad range of diseases with a strong focus on hemostasis and inflammation.

Innovacom is joined backing the Canada-based mobile content delivery company's round by Summerhill Venture Partners, which was spun out from Bell Canada in July 2007 and Tudor Ventures, the venture unit of the hedge fund.

Fred Olsen,, Total andABB Technology Ventures, and the Scottish government construct a $14.5m loan for Scotrenewables Tidal Power to help design, construct and install its commercial-scale tidal turbine.

TPG Biotech follows on investing in drug development company Trevi Therapeutics, which shares its name with the famous Trevi fountain in Rome (pictured), after backing the company's seed round.

US-based lean enterprise middleware company WSO2 has closed its third round of funding, raising $10m.