M17 Entertainment, formed by the merger of corporate-backed startups Paktor and 17 Media, has raised $40m in a series A round featuring Yahoo Japan.

Wonderbly has rebranded from Lost my Name and secured new funding in a round led by Ravensburger that included existing investors GV and Chernin Group.

Immersive content platform developer Inception has raised $15m in a series A round led by broadcasting group RTL.

The social VR platform, which had raised almost $16m from investors including Tencent, Comcast and Alphabet, will close after failing to raise more funding.

The Information, the operator of a subscriber-based online media offering catering to the tech industry, will invest $25,000 in each team that takes part in its accelerator.

Twitter-backed music streaming service SoundCloud is reportedly in advanced talks to sell a majority stake to the two to alleviate financial struggles.

WPP, Macro Ventures and 21st Century Fox all contributed to the augmented and virtual reality content provider's latest round, the latter as an existing investor.

Facebook has paid an undisclosed amount to buy Source3, an intellectual property management startup that had raised $4m from investors including Autodesk.

Change.org has paid an undisclosed sum to acquire Versa, a media commentary platform that had raised $2m from backers including Qualcomm Ventures.