Bristol-founded haptics platform developer Ultrahaptics is set to absorb Leap Motion's patents and employees, succeeding in a transaction that Apple failed to complete twice.

Taxi-based advertising service Firefly has raised $30m from investors including GV, and acquired Strong Outdoor's digital operations.

Yonyou Network Technology has supplied $15.9m for the livestreaming services provider that will fund the development of AI and big data technology.

Monstar Lab took its overall funding to $35m in February, capturing $22m from investors including DG Incubation and SigmaXYZ, it emerged last week.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Dave Haynes from HTC's Vive X accelerator talked about its activities in the virtual and augmented reality space, before nine companies in the sector pitched their products to attendees.

The travel information and services platform raised $250m in a Tencent-led round also backed by General Atlantic, Qiming Venture Partners and Yuantai Investment Partners.

Existing backer Virgin Group returned to reinvest in intimate gig promoter Sofar Sounds, which just celebrated its 10th birthday.

Free-roam VR experience technology company Holodeck VR has been backed by ProSiebenSat.1 Media, raising the prospect of business development collaborations with the corporate's television networks.

Telecoms firm InTouch Holdings has reserved approximately $6m to invest in seven startups this year, four of which are already at the due diligence stage.