Kobalt has secured $14m in a Section 32-led second tranche of the round, which features Hearst and which valued the music services provider at $700m pre-money.

Tencent, online services provider Sea's largest investor, has expressed interest in buying $100m of shares in the latter's forthcoming initial public offering.

The augmented reality technology developer, which counts several large corporates as investors, aims to raise $1bn in funding, according to a securities filing.

Akatsuki Entertainment Technology Fund will target entertainment technology startups, with an initial focus on augmented reality.

The internet company has bought Tiny Garage Labs, the Bloomberg Beta-backed developer of podcasting app 60dB, and will bring its team in-house.

Microsoft has acquired the Comcast, Tencent and Alphabet-backed social VR developer, saving it from shutting down and allowing it to continue its previous work.

Podcasting app developer Anchor has closed a $10m series A round led by GV that was also backed by existing investor Chernin Group.