Investors including LG Electronics and Innogy have supplied at least $11m in series C capital to Kiwigrid, providing exits to Innogy Venture Capital and HTGF.

Oxford University Innovation is spinning out its management consultancy division as a separate company to be called Oxentia.

Michael Anstey, formerly a principal at Boston Consulting Group, has joined university venturing fund Cambridge Innovation Capital to focus on the healthcare sector.

R/GA Ventures has announced the 10 startups that will participate in its R/GA IoT Venture Studio UK.

The e-commerce technology developer has raised $7m in seed funding at a $27m post-money valuation from backers including banks Sparkasse and NRW.

Streetlife, which had received funding from investors including Archant's corporate venturing unit, has been acquired by US counterpart Nextdoor for less than $12.5m.

Gastrofix, the developer of a cloud-based point-of-sale system for the hospitality sector, has raised series B funding from brewery Radeberger.