Investment firm WFA Investments backs India-based personal finance company, as it is also reported to be in talks with a US-based hedge fund.

San Francisco-based Reinemann is hopeful his role will significantly modernise the bank.

The provider of IT and data centres for outsourcing was backed by listed financial investor MCG Capital Corporation and venture firm Signal Peak Ventures.

ING was joined backing the Belgium-based data management software company by venture firm Plug and Play Ventures and angels.

Mergent, a US-based provider of business and financial data on listed companies backed by investment bank Goldman Sachs, has sold its dividend index business to stock exchange provider Nasdaq OMX Group for an undisclosed amount.

FundersClub selects start-ups and then lets its members, who have an annual salary of more than $200,000 or net worth of over $1m, invest online.

Alongside Google Ventures in the round were venture capital firms Kleiner Perkins, Andreessen Horowitz, Thomvest Ventures, Kapor Capital, Bronze Investments, Founders CoOp and Data Collective, DST-backed Startfund and angel investors