The seed funding round was largely led through MicroVentures.

The drone maker has now raised more than $16m from backers including Qualcomm and Google.

The crowdfunding site is set to form the fund as it puts together a significant funding round.

Universal Music has joined a $12.8m funding round in music keyboard manufacturer Roli led by Balderton Capital.

The robotics specialist is currently expanding its staff to meet product demand.

Robert Plehn has left financial services firm Lloyds to head up General Electric subsidiary GE Capital's capital markets team.

The US-based insulation materials maker, backed by BASF, withdrew its application for a previous initial public offering in 2012.

Robotics company ZMP has secured an undisclosed sum from Intel, which invested from its $100m Connected Car Fund.

The company has now raised over $70m from investors including corporates BASF, Evonik, Masdar and Triton Systems.

Rusnano and Crocus Technology have invested an additional $60m in a joint venture they formed to produce semiconductors.