The fund will invest in 10 to 20 companies over four years.

PicoChip, a semiconductor technology firm backed by Intel, AT&T and Samsung, has been acquired by semiconductor corporation Mindspeed Technologies for more than $50m.

Quartet strike right partnership venturing note.

The social video advertising platform, already profitable, has raised $25m which it will use to expand its activities internationally.

The crisis investment in loss-making gene therapy company Amsterdam Molecular Therapeutics is a band-aid measure which does not eliminate its negative equity position, but provides it with additional room for manoeuvre.

Rahu was founded in early 2006 as a spin-out from Anglo-Dutch consumer goods maker Unilever's Ventures unit that incubates ideas and takes minority equity stakes in UK entrepreneurs and managed by co-founders Paul Smith and Dermott Hill.

Toumaz, an Alternative Investment Market-listed company, has split into two businesses to cater for Imagination's latest investment.

Angel networks Cambridge Capital Group and Cambridge Angels joined Marshall's Martlet corporate seed fund in backed Arachnys.