Ryerson University alumnus firm Figure 1 raises CAN$2m ($1.89m) seed round for healthcare photo sharing app.

Google-backed toy robot maker Play-i raises $1.4m in pre-orders for its Bo & Yana robots, in a product crowdfunding campaign run through its own site.

Indian software company launches SMAC-focused fund and makes inaugural investment in video call app Ustyme.

The Portland Development Commission seeds $30k each into six local spin-outs.

Microsoft Ventures has made an undisclosed amount of seed investment in Zula, a cross-platform mobile app designed to facilitate team communication.

Ripple Labs, developer of the Ripple protocol, has raised $3.5m in seed funding from IDG Capital, Core Innovation Capital, Venture 51 and Camp One Ventures.

Rakuten, a Japanese electronic commerce and Internet company, has led a SGD$1m ($800,000) seed round of funding for Carousell, a Singapore consumer-to-consumer app for iOS and Android.