Crunchfund, a venture firm set up with the backing of technology company AOL, reportedly helps Heavy Bits, the company which makes Snapguide, a how to guide for photography, raise $5m.

US-based online coupon and deal marketplace WhaleShark Media promotes Kelli Beougher to the role.

St Louis University's alumni's Billiken Angels Network backs a photo sharing company set up by one of the US-based university's graduates.

Procter & Gamble loans Jeff Weedman, vice president of global business development, to the local venture capital project called Cintrifuse for two years.

The fund backed by various UK banks invests in the fast-growing fancy dress company which has grown its revenues more than nine times in two years.

The former corporate venturing unit of media company Hubert Burda Media is joined by the former unit of publishing company Georg von Holtzbrinck Publishing, backing the online shop for designer furniture.

Travelocity had acquired Travelguru, which has a portfolio of 6,500 hotels in India and 72,000 hotels worldwide, in 2009.

Alongside Vorwerk in the round was Omnes Capital, the venture capital firm spun out of French bank Credit Agricole.