The financial services firm has opened an innovation lab in Silicon Valley in partnership with IBM, following similar initiatives in London and Berlin last year.

Avantium, which launched a joint venture with BASF last month, has added Flanders' investment firm PMV and federal holding company FPIM to its shareholders.

Robert Bosch is set to exit RF technology company GreenPeak, which also counted Motorola Venture Capital as an investor, in an acquisition by Qorvo.

BPIfrance and CEA Investissement both contribute cash to a series A round for the medical device company.

The latest data from the UK Higher Education Statistics Agency shows an increase in the number of active spinouts and an approximate 44% jump in turnover for those companies.

Rakuten led Cabify's series C round having already led its $12m series B, and the ride booking platform will use the funding for further expansion in Latin America.