Graeme Sands, director of corporate and structured finance at Clydesdale, is leading the new unit, which is expected to hire people to expand the franchise outside of Scotland after receiving board approval.

The consortium backing Pricelock's $12m B round includes banks Goldman Sachs and Barclays, insurers RenaissanceRe's corporate venturing unit RenaissanceRe Ventures and Travelers Insurance, and venture capital firm Artiman Ventures.

Icap invests 11% of its revenue on technology and has provided an undisclosed amount to its corporate venturing fund, Euclid Opportunities.

TomorrowVentures lists Cortera as a portfolio company but the target has made no regulatory filing since changing its name from eCredit.

News provider Advanced Trading said venture capital firm Oak Investment Partners and financial services firm GFI Group had invested $6.5m in Bonds.com.

Investment bank JP Morgan Chase raises more than $1.2bn for its Digital Growth Fund, according to a regulatory filing seen by news provider New York Times.

Nokia's investment nearly doubles previous funding for SponsorPay.

Wonga previously raised about $28m since starting in mid-2008 but adds $120m from Wellcome Trust and venture capital firms.

Rearden raised its planned $47m at the start of February from 21 investors, according to a regulatory filing.