The other investors in the round besides Dentressangle Initiatives (also known as Hi-Innov) were Newfund and Orkos Capital.

German-based online fashion community moodboard startup Stylight, has raised an undisclosed amount in series B funding led by SevenVentures.

Holtzbrinck Ventures and HTGF invested an undisclosed amount in Paul Secret in June.

Bo Ilsoe, a Nokia Growth Partners managing partner, said: "On the exit front we have had a pretty good run in the last eighteen months. We have returned quite a bit of capital to Nokia. We have a proven model, which is working, that also led to the new commitment." Our e-zine editorial out on Sunday will be on the Nokia fund and the extended interview with Ilsoe.

Exotix will also provide strategic advice and capital raising support to TLG Capital.

Inside Secure has about 15 backers including corporate venturing units from Samsung, Nokia, Qualcomm and Motorola.