The venture capital firm, in which Otto Group is a major investor, will operate the fund together with a $290m growth-stage fund.

Stanmore Implants is acquired by Stryker Corporation, providing an exit to Imperial Innovations.

Caterpillar's corporate venturing unit has committed capital to the latest fund to be raised by Emerald Technology Ventures, with due diligence being carried out on other potential investors.

Oxford University big data spinout Zegami launches its global expansion efforts, despite only being a few months old.

Mercia Fund Management backs Bristol University spinout Pertinax Pharma as it begins to scale up the production of its chlorhexidine-based product.

The Italy-based bank will own 40% of the fund, which has reached its first close, and which will invest in medtech, cleantech and advanced electronics.

Cisco and Metec have helped add capital to the latest fund formed by Italian government-owned VC fund manager Invitalia Ventures.

Nanowire solar cell technology developer Sol Voltaics has raised $12.5m in an Umoe-backed series C round, together with a $4.5m grant from the Swedish government.

The POS technology developer has closed a $22.5m round featuring retail firm Metro Group that boosted its overall funding to about $40m since 2011.