The industrial holding company has paid $14.4m for an initial stake of 17% that it has the option to increase to 25% in future.

Real estate marketing platform BoomTown secured $20.1m in a round partially funded by SIG's corporate venturing subsidiary.

The social media management platform is also looking to launch an initial public offering in the next few months, according to a source.

Black Duck Software has raised $20m in series F funding for global expansion from all existing investors, including Intel Capital and SAP Ventures.

China-based pharmaceutical company FortuneRock has raised $24m from backers including Jinhua Pharmaceuticals to prepare for an IPO and launch a new subsidiary.

Computer maker Acer has announced it is seeking technology companies to invest in via its new $33.5m venture fund.

The Tencent-backed instant messaging app developer has joined the $10bn club as rumours emerge of a prospective Microsoft acquisition.

IDG Capital participated in the Morningside-led round, which will be used to expand its workforce and sales efforts.

Biotech company Aldea has raised $24m in a series B round featuring WuXi PharmaTech and Rusnano, which will support the treatment of patients with acute alcohol intoxication.