Martelet will stand down as chief executive, allowing CFO Ian Postlethwaite to marry the two roles as NetScientific looks to continue cutting costs.

ETH Zurich spinout RosieReality has attracted $2.2m in seed capital led by Redalpine, with a contribution from existing backer Akatsuki.

Mobivia has exited app-based car rental service Drivy, which has been bought by US peer Getaround for $300m, creating a business with more than 5 million users.

University-industry collaboration matchmaking portal In-Part has added $1.2m from investors including Northern Powerhouse Investment Fund to $516,000 of seed capital procured in 2016.

Set up to identify fake news and social media bot accounts, Astroscreen has attracted UCL Technology Fund for its first funding round.

Satt Ouest Valorisation has provisionally landed $22.4m of French government funding in conjunction with strategic objectives including a cost-rationalisation exercise and the expansion of its geographical remit.

Allianz has provided all the capital for AV8 Ventures' first fund, the VC firm being led by former executives at IBM Ventures and Qualcomm Ventures.

CIC and Babraham Bioscience Technologies are among the co-founders of Start Codon, a life sciences accelerator set to invest in up to 50 seed-stage startups over the next five years.

Based at DCU Invent, Deciphex has gained investors including Inova and GI Partners as it looks to refine its offering for the toxicologic and gastrointestinal segments of pathology.

The follow-on investment complements $1.7m raised by Oxford data analytics spinout Mind Foundry in 2016 from investors including Oxford Sciences Innovation.