The fund, formed by France-based utility GDF Suez in May, is focusing on decentralised energy and energy efficiency technology as traditional power generation loses its lustre.

A large pharmaceutical company was among the LPs as the firm reached the first close of its $190m fifth fund.

Researchers have found a solution to managing faults in direct current power grids.

Rocket Internet followed compatriot Zalando on to the Frankfurt Stock Exchange today at the top of its range, only to see its shares subsequently fall.

Oxtex and Brainomix have secured cash from the $2m fund set up earlier this year.

Incubator EcoMachines is investing in the two-year old spin-out Recycling Technologies.

E-commerce personalisation platform Qubit has raised $26m in series B funding from Salesforce Ventures, Accel Ventures and Balderton Capital.