Best Buy Capital, the corporate venturing unit of US retailer Best Buy, has led the $5.5m series B round for local mobile health and fitness company Valencell.

Alongside Qualcomm Ventures in the round for We7 were angel investor and musician Peter Gabriel and venture capital firms Eden Ventures and Pentech Ventures.

Daily Deals for Moms, a provider of discount coupons for parents, has raised an undisclosed amount of angel financing from investors but reportedly said it would keep the financing round open to strategic investors for the next few weeks, according to news provider PEHub.

The PepsiCo10 programme, which already collaborates with venture capital firm Highland Capital Partners, OMD and technology publications Wired and Mashable, plans to work with 10 European technology start-ups to help its drinks brands.

Corporate venturing backers behind coupon company Groupon could reap 200 times return on its flotation.

In this double interview, Gaule's Question Time looks at two aspects of innovation and corporate venturing at Anglo-Dutch-listed consumer goods company Unilever.

Tate & Lyle Ventures is Lumora's major shareholder having previously backed the company.

German internet entrepreneur Stephan Uhrenbacher, the founder of the local review site Qype and the former head of northern European operations for the travel booking site Lastminute.com, launched 9flats in February.

News provider International Financing Review (IFR) said the Beijing-based company could soon mandate banks on the initial public offering, which is planned for the final three months of the year.