The VGF Emerging Market Growth I fund has more than $200m commited and will target mid-sized companies in resource efficiency, consumer sustainability and renewable energy sectors in Russia, Turkey and central and eastern Europe (CEE).

Personalised social TV experience platform Tvinci has raised $4.m5 in venture capital funding led by Trellas Enterprises

Battery Ventures and Flybridge Capital Partners have led a $55m investment for Calxeda, a developer of low-power server chips with ARM processors, backed by the UK-based company.

Tosh Arita develops Ricoh new business after Hideki Segawa moves to technology development.

Aditya Birla Capital Advisors, the private equity unit of the eponymous conglomerate, will be the investment adviser for the fund.

Lumens, a South Korea- listed maker of light-emitting diodes, has bought 6.9% of Feelux, the listed South Korean lighting parts maker with a market capitalisation of Krw40bn ($36m).

This analysis series with NCET2 has been produced in collaboration with our sister title, Global University Venturing.