Mark Muth, previously at Unilever and GE, has moved to PriceWaterhouseCoopers to assist European corporates on their venture investment strategies.

Property management firm TCL has secured $17m in funding from the bank-backed fund alongside $14m in debt.

Michelin's stake in the fuel cell system developer, garnered for an undisclosed sum, is said to be "significant".

Intel Capital joins corporates Mastercard, Amex and Santander in backing the online payments company, which will now seek to expand.

The company has launched a $6m fund to provide public sector spin-outs with access to loans to invest in technology to improve health and social care services.

The spin-outs have raised a combined $111m in funding.

David Flanagan, Ramamurthy Sivakumar, Bryan Wolf and Marc Yi, all in the US, David Thomas, in Latin America, as well as Marcos Battisti and Marcin Hejka, in the Europe, Middle East and Africa team, and Sudheer Kuppam, in Asia-Pacific are all promoted.

Anokion, which is developing treatments for autoimmune diseases and allergies, is planning the first clinical trials of its treatments in 2017.