Joerg Sievert, Managing Director of SAP Ventures European Advisors, is moving on, having accepted a position as Managing Director in a global fund, as yet unspecified.

Leeds spin-out Evocutis aims to remodel its business into either selling or licensing its LabSkin product after disappointing 2013.

The Royal Academy of Engineering announces plans to back eight UK university innovations with business potential.

Spain-based WiFi-sharing network Fon raises $14m in a venture round led by the venture capital unit of California-based microchip manufacturer Qualcomm. Other previous investors also took part in the round, including Google, Deutsche Telekom and ventures capital firms Index Ventures, Coral, Atomico.

Cardiff University life sciences spin-out Asalus Medical Instruments receives green light to begin rolling its Ultravision product across European Union hospitals.

Commercialisation firm the IP Group extends agreement with Manchester to include funding for graphene products.

Nexmo, a UK company that specialises in translating internet push messages into SMS, has raised $18m in a funding round led by US private equity firm Sorenson Capital. The company has raised $22.8m to date including from corporate venturing units Intel and NHN Investment, both of which participated in this latest round.