Touchstone Innovations has doubled down in its efforts to prevent a hostile takeover by rival IP Group, saying the updated offer continues to undervalue the firm.

Volocopter has secured $34.8m in a Daimler-backed round as it prepares to demonstrate its vertical take-off passenger drone technology in Dubai.

Following a rebranding exercise in February, Oxford University Innovation has now completed the spinning out of its consultancy arm Oxentia.

Twitter-backed music streaming service SoundCloud is reportedly in advanced talks to sell a majority stake to the two to alleviate financial struggles.

PTB Ventures and Accel have co-led a series A round for Callsign, an authentication platform backed by digital consultancy Reply.

IP Group has returned to back another funding round for Zeetta Networks, a software-defined networking technology developer based on research at University of Bristol.

The institution has partnered a range of Danish corporates to conduct basic research and publish the results for anyone to use.

Moleskine's Open Innovation Program has launched in partnership with Digital Magics and will support mobile smart object technology startups.

Cynthia Mandjek, an investment analyst Orange Digital Ventures for six months from January 2016, has joined Eurazeo as a late-stage venture capital analyst.