Scotland-based Scotrenewables Tidal Power has closed a $12m round of funding led by power technology group ABB, investing via ABB Technology Ventures.

Russia-based hotel reservation website Oktogo.ru has raised $11m in funding from VTB Capital Venture Business, Mangrove Capital Partners, Ventech and Victor Sazhin Group.

France-based Iris Capital, backed by Orange and Publicis, has entered into a partnership with Germany-based Capnamic Ventures for early-stage investments in German digital economy start-ups.

This trade paper will be working with its sister, Global Corporate Venturing, to try and facilitate this cultural or information gap by launching its Research to Commercialisation Club (R2C Club) at our Symposium in May in London.

UK media-focused venture firm Ingenious Ventures has entered into a strategic partnership with Zag and makes its first investment via its Media Opportunities Fund.

Ru-Net invests $6m and purchases a 25% stake into baby product e-commerce site Esky.ru.