The Access-backed firm, which promotes itself as the world's largest internet incubator, is set to float in Frankfurt later in 2014.

Epidarex's successful raise underlines a strong strategy for supporting UK university innovation, says GUV editor Gregg Bayes-Brown.

The investment is led by Wellington Partners.

The Max Planck spin-out has been taken over on a share deal basis.

BGF, backed by five financial services firms, has made further investments in two of its portfolio companies, a chain of Mexican restaurants and a gym operator.

Mark Muth spoke to Global Corporate Venturing about the corporate venture capital space and PricewaterhouseCoopers' plans to include CVC advisement more fully in its services.

The mobile analytics provider has secured reinvestment from IDG Capital Partners and used part of the funding to acquire startup Distimo.

The corporate-backed fund has profitably divested stakes in transmission electron microscopy company Kontem and LED lighting product maker LEDexchange.

Concurrently, the probe's lead developer is promoted to chief technology officer.