The other co-lead and new investor was Almi Invest, which joined existing investors including T-bolaget, Wikow Ventures, SGP Group and Servisen.

Russia's 47 biggest state-controlled companies, including Gazprom, Russian Railways, RusHydro, and Aeroflot, are to transfer 1% of their innovation budgets, about R10bn ($340m) to Skolkovo Institute of Science and Technology (SkTech).

The partnership will see Bessemer, which was effectively formed as a family office in 1911 out of Henry Phipps's share of the proceeds from the sale of Carnegie Steel, invest $20m in Skolkovo-resident companies over the next two years.

The Germany-based internet group backed by corporate-linked groups including Tengelmann's corporate venturng unit, reportedly eyes expansion.

Royal DSM invests again in "super-bug" treatment company IQ Therapeutics.

The Visa-backed UK-listed payments company buys US rival Clairmail in an all-share exchange, valuing Clairmail at $173m.

The venture capital firm backed by the German government and many Germany-based corporations invests in the technology of a media monitoring spin-off from Humboldt University.

The venture capital firm backed by the German government and many Germany-based corporations invests in the technology of a media monitoring spin-off from Humboldt University.

Abingdon will use the money to buy 50.1% of Molecular Vision, another Imperial Innovations portfolio company, as well as for other projects, including those from its Bioscience Ventures joint venture with the University of Birmingham.