Index Ventures spinout Medicxi Ventures has launched with a $230m first fund backed by GlaxoSmithKline and Johnson & Johnson.

Corporate-backed VC fund Shift Invest has provided an undisclosed amount for GreenA, which plans to commercially launch its biodegradable polymer this spring.

The mobile app cross-promotion platform has added the bank-backed BGF Ventures to its list of shareholders having raised $1.4m in seed funding in 2014.

The 4% notes will convert to equity in the event of an initial public offering according to bank documents, though the music streaming company has not disclosed investment plans.

Cocoon Networks, working with UCL, sets up London's largest incubator to support Chinese investment in UK technology companies and launches a $720m fund.

The corporate-backed private equity firm has taken on Emmanuelle Pierret and Mathias Raynaud as its two latest investment directors.

Citrix, Foxconn and Nokia have supported a series B round closed by Cedexis alongside debt financing from French state-owned bank BPIfrance.

Intel Capital returned to back a round that took database technology developer MariaDB's overall funding to almost $40m.