The Islamic women's fashion site has now raised $8.5m in just over two years.

The accelerator, backed by Intel, Cisco and Deutsche Telekom, will assist, and possibly fund internet of things startups in Europe, the Middle East and Africa.

Graftonica, a spin-out of Milano-Bicocca University, launched to commercialise nanotech additives.

Human resources firm Recruit, which acquired a 7% stake in restaurant reservation platform Quandoo in October, has elected to buy the entire company.

The skincare brand, formed in 2000, will be bought by the consumer goods company and overseen by corporate venturing unit Unilever Ventures post-acquisition.

Cambridge spin-out Ilumink bought for undisclosed sum by Tracerco.