The money for the planned $500m and $750m in a quasi-corporate venturing fund for internet and new media companies will come from JP Morgan's private banking clients rather than the bank itself, news reports say.

Playspan provides developers and publishers, such as Nickelodeon, a platform to manage micropayments, e-commerce, and micro-transactions in 180 countries and been sold to Visa for at least $190m.

Center for Financial Services Innovation-backed fund invests $2m in Plastyc.

Responsability Social Investments raises venture fund and manages $$800m and is backed by Swiss financial institutions, including Baumann & Cie, Banquiers, Credit Suisse, Raiffeisen Schweiz, Swiss Re, Bank Vontobel as well as George Avenue.

Twitpay provides payment software for social media platforms and also added venture capital firm TomorrowVentures to its investor consortium alongside CompuCredit, which spun off its micro-payments units in the UK and US in mid-2009.

Jhajjar region to gain model town from Reliance Ventures Limited and Infrastructure Leasing and Financial Services.

On Deck Capital, a US-based online fundraising platform for small companies, has raised $15m in its series C round, led by SAP Ventures.

VantagePoint is joining with China Beijing Environmental Exchange and China Securities Companies Index, a joint venture between the Shanghai and Shenzen Stock Exchanges, according to news provider Portfolio.

Citigroup has invested in Live By Touch's $75m round ahead of setting up an international joint venture with the China-based provider of payment terminals operated by fingerprints.

For the first time a Japanese non-life insurer has entered the venture capital business in other parts of Asia.