Imperial spin-out Ceres hopes to raise the money through an oversubscribed placing.

International biotech company Ayoxxa Biosystems has raised $12m in a series B round that included all its existing investors.

The bank-backed Business Growth Fund took a minority stake in the packaging company, which will now seek to expand its production capacity in Poland.

Electronic voting solutions provider Scytl has raised $20m from SAP Ventures to increase its R&D efforts and strategic growth.

The corporate-backed internet incubator is rumoured to be heading towards an initial public offering later this year, as it continues to expand into new territories.

Mediakraft has raised a round it claims is the largest ever by a European online television channel, and which included two corporate-backed venture capital firms.

Belgium-based bank KBC has launched an incubator alongside five partners, including Accenture, to offer business space and support for local tech startups.