VitalSource has paid an undisclosed amount to acquire Hearst Ventures-backed educational content technology provider Acrobatiq.

Educational content creation platform Acrobatiq spun out from Carnegie Mellon University in 2015 and had been backed by the university's Carnegie Innovations division.

Thoma Bravo has agreed to buy a majority stake in the sales software producer, though it is unclear whether Salesforce and AT&T will exit.

Softgarden, a spinout of Saarland University, has been acquired for Investcorp Technology Partners for an undisclosed sum.

Rocket Internet-backed peer-to-peer lender Funding Circle plans to raise $385m in an initial public offering in which private investor Anders Povlsen is set to purchase a 10% stake.

The company has set its price range at $7.64 to $9.17 and is aiming to raise a total of $1.5bn from five cornerstone investors, including the previously disclosed $400m from Tencent.