Globachem joined the biofungicide developer's investor base in a series B round that included several of the company's series A investors.

The two organisations have opened a consultation to collect feedback on whether they should form a combined entity.

The university has launched its accelerator through the King's Entrepreneurship Institute, which will support 20 startups over the next 12 months.

StreetTeam, which lets brands recruit users to advertise their products, has added Universal Music Group and Saatchi to its shareholders.

Keolis and Valeo have contributed to a funding round for Navya, as the driverless car technology developer prepares to expand across the US, Europe and the Gulf region.

Regional report: Germany

UK-based internet-of-things technology startups Callsign, RazorSecure, Iotic Labs and Senseye have become the latest to secure funding from Reply's advanced incubator.

The company's corporate venturing unit contributed almost half of the $25.5m in series C funding raised by Airborne Oil and Gas, which is also backed by Shell, Chevron and Evonik.

Deutsche Telekom-backed 9Flats and Rocket Internet-backed Wimdu are set to merge and will form an online accommodation platform with an estimated 500,000 listings.