The company, which develops treatments based on changes in the gut microbiome, has now raised $22m in total.

The company will fund startups seeking to build technology around its business communication platform.

The communications equipment maker will target the intelligent vehicles market through the Connected Car Fund, which will be managed by Nokia Growth Partners.

Five Scottish universities are amongst the UK's top ten for number of spin-outs.

Global Corporate Venturing spoke to Matteo Rizzi, a general partner at Sberbank-backed SBT Venture Capital, about the emergence of fintech funds and the potential for banks to take a greater funding role.

The GSK-backed fungal infection drug developer has raised the maximum again from the $55m initially targeted from an IPO in which Sanofi will become its largest shareholder.

Evrythng, a developer of software that connects products with the web, has secured $7m from backers including Cisco Investments.

The networking company is set to provide the cash, which will be added to $100m announced in January, over the next three years.

The fund will be managed by Finance Wales, the investment bank subsidiary of the Welsh Government.