Rodolphe Menegaux, investment director at XAnge, said: "Online marketing is a targeted sector for investment through our multi-corporate venture fund."

Alongside XAnge as a repeat investor were venture capital firms IBB and Grazia Equity, while peers Nauta Capital and Cipio Partners came into the consortium as new members.

WM joined venture capital firms Kleiner Perkins Caufield Byers, Munich Venture Partners and Wellington Partners as an investor in Agnion.

Bright Capital Digital invests $3.5m in Russian based Fotoshkola.net, an online training resource for amateur photographers.

SR One and Oxbridge Biotech Roundtable has launched OneStart, a $163,000 prize for medical technology entrepreneurs.