News provider Bloomberg Businessweek said companies on CircleUp will be put in front of P&G executives.

According to Inside, iPeen currently has more than 200,000 business listings, and enjoys more than 100 million monthly page views.

The company previously raised an undisclosed amount in a series A round from venture capital firm Yaletown Venture Partners.

In July last year, JustFab raised $76m.

Ecus Agri-Food raised $11m from private investors and gained a credit line from Corfo, the Chilean economic development agency, for $19m.

China-based enterprise management software developer Yonyou Software's corporate venturing unit, Yonyou Xingfu Investment, has invested RMB10m ($1.6m) in kitchenware retailer Jiaku.com.