Tanja Kufner, who previously oversaw Telefonica subsidiary Wayra's operations in Germany, will now work with the corporate-backed accelerator's Berlin branch.

The venture firm would raise the sum, which effectively doubles the expected size of the IPO, if it floats at the mid-point of its range.

Southampton spin-out Ilika has successfully completely its factory acceptance test.

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.