The publishing company has invested an undisclosed sum in the newly formed accelerator and incubator, also transferring some of its educational assets.

The holiday room booking platform raised the cash in an $80m round, as competitor LoveHomeSwap received $11.8m in equity from Wyndham Hotels.

Oxford life sciences spin-out Orthox secures round from Isis Fund and Parkwalk.

Andrew McCartney, part of Microsoft Ventures as one of its entrepreneurs in residence, has co-founded a fund called Whitespace that will support corporate spin-outs.

NantCell, an immuno-oncology subsidiary of conglomerate NantWorks, has acquired biotechnology company VivaBioCell, providing Generali with an exit.

The satellite internet company has raised cash from backers including Bharti, Airbus, Coca-Cola, Hughes, Intelsat, Grupo Salinas, Qualcomm and Virgin.

Google and The Chernin Group have joined the backers of Lost My Name, which produces personalised books for children.