The corporate venturing investor has bought less than a tenth of Shutl, according to news provider Daily Telegraph.

Of the purchase price by Microsoft, $686m will repay Skype's debt leaving an equity value of $7.8bn, of which about $2.3bn will go to eBay.

Novo joins venture capital firms SV Life Sciences, HBM BioCapital, HBM BioVentures, BioMedInvest and VI Partners that had backed its CHF13.5m first close of the A round in November.

The Organisation for Economic Co-operation and Development (OECD), a group of the developed countries, in a report Regions and Innovation Policy said the richest 4% of regions accounted for one-third of all OECD growth over the 1995-2005 period.

The $22m round for ProFibrix was co-led by venture capital firm Vesalius Biocapital and Inkef Capital, a quasi-corporate venturing joint venture between pension funds ABP and Omers in its first deal after being set up in June last year.