Victory Park Capital, which provided debt financing to Rocket Internet-backed luxury online pawnbroker Borro in 2014, has bought a majority stake in the company.

The university-owned incubator is set to expand next year, after the ground floor reached capacity while demand for space has continued.

The optical systems designer has received cash from the Parkwalk Opportunities Fund, approximately four months after being spun out of Oxford.

University College Dublin has launched legal proceedings against Applied Process, co-founded by two of its professors, for a stake in the company.

Cambridge Innovation Capital has released the numbers for its performance during the first half of the financial year, boasting a rise in its portfolio's fair value to $116m.

Denso invested half the money in a $14.2m round also backed by Faurecia that took the 3D conductive technology developer's total financing to $57m.

The venture capital firm, which was founded by Nokia in 2005, is dropping the firm's name from its branding.

Existing investor Slaughter and May was among the participants as legal software developer Luminance added to the funding it raised last year.