The banking group has launched a venture capital arm dubbed Neva Finventures with $34m in funding that is expected to be eventually boosted to $113m.

The Europe-based mobile payment technology providers, collectively backed by Groupon, Amex, Tengelmann, BBVA and MePay, have agreed a merger deal.

UCD spinout Oxymem has created technology to reduce the energy consumption of wastewater treatment by 75%.

Rocket Internet will invest up to $113m in Tengelmann and Access Industries-backed GFG at a valuation which has dropped two-thirds in less than a year.

The smart thermostat developer, already backed by Siemens and Statkraft, has added ?ez Group to its shareholders as part of a $23m series C round.

Nokia is set to buy digital health product maker Withings, which had raised almost $34m from backers including Idinvest Partners, for $193m.

Toca Boca and Sago Mini, two game developers established by media company Bonnier, are set to be acquired by digital toy producer Spin Master.

The Japan-based e-commerce group's investment in ride hailing platform Cabify illustrates how e-commerce businesses cannot afford to be pure play anymore.

The secure smartphone manufacturer has received $72m in capital from investors including Renren ahead of a planned product launch next month.