Wolverhampton University has joined forces with Caparo to create a fund aimed at facilitating research commercialisation.

Regional report: Russia

Prior to heading Next47, he developed and built up the Hewlett Packard Pathfinder organisation, bringing together innovation strategy, venture investments, acquisitions and partnerships.

Recipe delivery service Gousto has increased its total funding to more than $37m after existing backer Unilever Ventures invested for a third time.

Dutch corporates KPN and ING have contributed to the first fund to be raised by newly launched European venture firm Keen Venture Partners.

The program will be delivered through SetSquared, with the cash coming from the EU's European Regional Development Fund.

Markus Solibieda has left private equity firm Mandarin Capital Partners to become managing director at BASF Venture Capital.

Transamerica and Aegon's venture capital unit was among the investors in a round of undisclosed size for pension platform and ProSiebenSat.1 Accelerator graduate Fairr.de.