The Politecnico di Torino cybersecurity spinout has become the first investment for the Italian-government backed tech transfer fund VV3TT.

AmRest invested $29m and existing backer Rakuten returned as the delivery services provider raised cash at a valuation of about $350m.

Philippe Nérin will lead France’s tech transfer association Réseau Satt for one year from September 1.

The cross-border payment platform has raised cash in a PayPal-led round also featuring Citi Ventures that will fund international growth.

Anglo American Platinum has put up $100m for the platinum-focused venture fund, with South Africa's Public Investment Corporation the other cornerstone investor.

HealthCap has backed sickle cell disease therapy developer Modus Therapeutics, joining existing shareholders such as Karolinska Development.

The Italian Space Agency has put its weight behind the $93m Astra Ventures that will invest in spinouts developing space technologies.

Marshall of Cambridge subsidiary Martlet helped software debugging technology provider Undo take its total funding past the $20m mark.