Virtual and augmented reality gains its own incubator at University of Washington while the institution rebrands its incubation spaces and opens them up to external startups.

Disney Accelerator has selected nine startups, including several Disney portfolio companies, and one internal project to participate in this year's program.

Qihoo 360 Technology has backed a $10m series B+ round for the media content producer that adds to an earlier $15m series B round in January.

Naver has successfully spun out its Japan-based messaging app subsidiary Line, pricing its shares at the top of their range in a US and Japan flotation.

News aggregation platform SmartNews took its overall funding to about $90m, having previously received investments from Gree and Mixi.

NextVR, already backed by Comcast, Time Warner, Madison Square Garden and Dick Clark Productions, has raised $20m from IT technology company Citic Guoan.

Tengelmann unit Emil Capital led the female-focused digital media company's latest round, which also included strategic partners Corus, Allure and Tegna.

WPP's corporate venturing unit led a round that increased millennial male-focused digital media company Woven's overall funding to $42m.

PetroChina subsidiary Kunlun Trust led the round, which will fund hiring for the business and tech media company as well as multimedia content.