Daimler exited the ride sharing company after it was bought by BlaBlaCar alongside another competitor, Hungary-based Autohop.

Rocket Internet was among the investors in the food delivery service, which promises its customers food from local partner restaurants in an hour or less.

University spinout energy-saving company RUMM has been acquired by UK energy supplier RWE npower.

Cambridge University spinouts and startups based in the Cambridge business and technology cluster pull in $2.08bn in March.

The Coca-Cola and record company-backed streaming service is set to raise the money in the next few weeks at an $8.4bn valuation.

A spinout from Manchester University, working with the UK and EU-funded National Graphene Institute, has created the first UK originating commercial graphene product: The graphene lightbulb.

Oxford University's commercialisation company, Isis Innovation, has appointed UK trademark and patent attorney Barker Brettell to its patent application panel.

The Netherlands-based oncology company, backed by corporate venturing subsidiaries of Johnson & Johnson, Novartis and Pfizer, plans to float in the US later this year.