The venture firm set up with the backing of technology company AOL is joined venture firms including BV Capital, the former corporate venturing unit of media company Bertelsmann, in the A round backing the online gift card business.

Caltech and Pennsylvania back on-line teaching company Coursera, which just won the praise of Microsoft co-founder Bill Gates.

Revolymer, which makes chewing gum that is easier to remove from streets and pavements, was backed by the Setsquared Partnership, a joint venture capital initiative between Bath, Bristol, Exeter, Southampton and Surrey.

VTB has reportedly led an $18m series C round for Fast Lane Ventures, which has incubated online dating site Teamo.ru, Pinternet clone Pinme.ru and location-based shopping service Locata.

Intel Capital is joined in the round by venture firms Passport Ventures, FTV Capital and Steven Boal, co-founder of CashStar.