The daily fantasy sports operator, backed by Alphabet, Time Warner and Comcast, has secured convertible debt financing from existing backers.

Online video platform iQiyi provided the funding for the smart television maker as part of a strategic partnership agreement.

Lifestyle media company Mode, valued at $1bn just three years ago, has shut down after failing to secure financing or a buyer.

Time Warner has contributed to a $12m round for video app technology developer You.i TV through its corporate venturing subsidiary.

The gaming product maker has formed a $30m fund called zVentures which will target sectors including virtual reality, game development and connected devices.

Hearst Ventures president George Kliavkoff has departed to take the chief executive position at virtual reality content developer Jaunt.

The Viacom and Lionsgate-backed online video producer has secured $70m in a Wellington Management-led series B round that will support an expansion in its programming.

Foxconn is the anchor investor in a $300m dollar-denominated fund closed by VC firm Sinovation Ventures alongside a $375m renminbi fund.

Profile: Bertelsmann