Venture Reality Fund, has added HP Tech Ventures to a stable of corporate backers that includes PMBC, Youzu Interactive, Colopl, YJM, Gumi and Sinclair Broadcast Group.

Square has reportedly paid $3m for the engineering team of microblogging platform Yik Yak, likely signalling the Renren-backed company is nearing the end of the line.

The internet company's newly formed Games Investment Division will invest up to $100m in game developers and publishers in the form of equity, acquisitions and royalty deals.

Shanghai Media Group has led a series A round for the NetEase music streaming spinout that also featured a Hunan Broadcasting System investment subsidiary.

Impulse VC and Phystech Ventures have invested $300,000 in advertising spinout Locomizer.

The Stanford University spinout has attracted $10.6m in series B capital just a week after closing a $10m series A round that included the StartX Fund.

Online news publisher Mic, already backed by Axel Springer, has added Time Warner, Kyu Collective and You & Mr Jones to its shareholders in a series C round.