The cloud computing technology company had raised $38.5m but has closed citing delays in the maturation of the market.

Wix has acquired the mobile website builder and lead generation service, which had raised $3.15m from investors.

IDG Ventures has reduced its stake in the e-commerce company while venture firm Helion Venture Partners has exited completely.

Cisco, which led the data centre management company's series C round last year, is set to buy the company, allowing Sumitomo to exit.

Google Ventures-backed paid search advertising company Trada has ceased trading and advised its customers on other companies to use.

Citigroup-backed ReadyForZero has been acquired by big data platform Avant for an undisclosed amount.

Hubert Burda-backed homemade and vintage goods marketplace Etsy has announced its IPO pricing at $14 to $16 a share.

SoftBank, AOL and Verizon supported a $5m series A round for ActionX in 2013.