Separately, the company is buying Netherlands-based peer Actiepangina.nl.

In April last year, US-based retailer Nordstrom led an initial close of the round at $16.4m.

UK media-focused venture firm Ingenious Ventures has entered into a strategic partnership with Zag and makes its first investment via its Media Opportunities Fund.

US-based Calavo Growers has announced it will be come the majority share-holder into cloud-based fresh fruit platform FreshRealm.

US-based Rent the Runway has raised $4.4m in additional series C funding from American Express and Novel TMT Ventures, bringing the total round to $24.4m.

Ru-Net invests $6m and purchases a 25% stake into baby product e-commerce site Esky.ru.

News provider Boston Business Journal said the company would invest $2m to $4m this year on its incubator, compared to $3m to $5m in its first year, 2012.