The media company, which already held a 22% stake in fashion platform Stylight, has agreed to buy the remaining 78%, giving an exit to Tengelmann Ventures and Holtzbrinck Ventures.

Volkswagen has become the latest carmaker to invest in on-demand mobility, providing $300m for ride hailing technology provider Gett.

IP Group has invested in Consequential Robotics as the company is spun out of Sheffield University.

David Newlands is set to replace current non-executive chairman Martin Knight in August 2016.

After several decades of peaks and troughs, corporate venturers feel they are climbing up the slope of enlightenment.

UCL Business and the UCL Technology Fund have both contributed to a series A round for biotech company Orchard Therapeutics.

"I have accepted a new job as a managing partner with a Sand Hill Road based private venture capital firm. May 20th is my last day at Intel Capital."

SEB and ABN Amro made strategic investments as part of the personal finances app developer's series B round, which will fund the next iteration of its product.

Founders Factory will build and develop more than 200 startups over five years, with Aviva supporting seven companies each year through 2021.