Physic Ventures joins consortium backing Recyclebank.

Divergence had raised about $20m from venture capital firms Cultivian Ventures (formerly known as Midpoint Food and Ag Fund) and Prolog Ventures, which has a focus on corporate venturing.

Newswire Bloomberg said HomeAway's flotation would be for up to $300m and managed by investment banks Morgan Stanley, Deutsche Bank, JPMorgan Chase and Goldman Sachs.

CashStar launched with $4m in March 2009 after incubation by Coupons, a US-based provider of consumer-printed coupons, and has raised $5m for its series B round from venture capital firm Passport Capital and media-focused investment bank Allen.

Nasdaq-listed vending group Coinstar and venture capital firm Claremont Creek Ventures led the equity part of EcoATM's A round. Silicon Valley Bank is providing the venture debt.

L Capital, the investment firm co-funded by luxury group LVMH, is in talks to buy a stake in Indian jewellery retailer Gitanjali, newswire Reuters said.

Alison Moncrieff has moved to become vice-president of new business development of the Lifestyle Incubator at Netherlands-based electronics company Philips' Consumer Lifestyle subsidiary.

Local training company Giant Associates was part of the investment consortium along with angels and venture capital firm E-Synergy in AirPos.

Milk Mantra Dairy gains India-based social venture capital firm Aavishkaar Venture Management Services as backer.

Inventages had invested $6m in Tanfield Food Company in January last year and adds a further $1m this year.