T-Venture joins Yellow&Blue Investment Management, the corporate venturing unit of local power group Eon's Nuon subsidiary, state-backed bank KfW, company and government-backed early-stage investor High-Tech Gruunderfonds, and Siegmund Beteiligungsgesellschaft in Cuculus.

Joining Henrijette Richter, investment director at Novo, in the seed round is venture capital firm Sunstone Capital.

SEB Ventures led the round for Mobile Tag alongside XAnge Private Equity, the corporate venturing unit of France's main post office, and investment firm Alven Capital.

French glass and construction materials company Saint-Gobain has invested $80m for a minority stake in Sage Electrochromics, a US-based maker of tinted windows.

Alison Moncrieff has moved to become vice-president of new business development of the Lifestyle Incubator at Netherlands-based electronics company Philips' Consumer Lifestyle subsidiary.

Czech Republic-based security software maker AVG Technologies has shelved plans for its flotation in favour of trying to raise up to $300m in a bond, according to newswire Reuters.

Nomura will retain part of the assets in its Phase4 Ventures corporate venturing unit, with the rest sold to fund manager HarbourVest Partners.