The payment services company launched a European accelerator in May 2014, and is now extending the programme internationally with the help of other corporates.

The seed-stage investors third fund featured Dentsu and Yahoo Japan as limited partners despite closing at $15m less than its target.

Institution of Mechanical Engineers launches $2m fund which immediately backs spinouts.

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

Sudheer Kuppam has left Intel Capital, where he oversaw its Asia Pacific investments, to form a venture firm called Epsilon Venture Partners.

Gaurav Sachdeva has moved on from his position as general manager at Brand Capital, the investment arm of Times Group, to join JSW Venture Fund.

Automotive parts supplier Valeo has backed the Cathay Capital-formed Sino French Innovation Fund, which aims to raise about $280m before close.

Innovation consortium America Makes plans $8m fund to support 3D printing research and development.

The newly established Macnica Ventures will seek out ICT and emerging technology startups to help extend its reach to markets and businesses.

International Data Group's US-based corporate venturing affiliate, which makes early stage investments in software developers, has closed its latest fund.