The corporate-backed fund has had a busy week, as it provided early-stage funding, while also existing through a buyback and an acquisition.

Mobile payments company Monitise has seen its shares tumble after Visa, the fourth largest shareholder in the company, announced plans to reduce its interest.

RusHydro, Russia's national hydropower company, has teamed up with the state-backed investment firm for a fund that will invest in power generation projects.

Medtech spin-out NSL attracts an investment of $156,000.

The online fashion brand, backed by Tengelmann, Holtzbrinck and Anders Holch Povlsen, will use the proceeds to support growth.

Investment in the spin-out comes via Fidimec and fund Sofi I.

Amsterdam University spin-out Euvision Technologies is acquired by Qualcomm.

Intel and VMware exited the mobile app development company, which raised a $9m series A round last year.

MGB Biopharma, established to develop a new class of anti-infective medicines, has raised the cash in a round which included the Scottish Investment Bank.