Alongside Mayo Ventures in the seed round were venture capital firms Kleiner Perkins Caufield & byers, Mohr Davidow Ventures, and Aberdare Ventures.

Eleven of the 31 teams in its Esurfing Innovation Technology Company are from outside the company, according to news provider Techne!.

The company lists its supporters as UK-based accountancy firm KPMG, Canada-based marketing company MarketingWise, brand and design company Trajectory and law firm Bennett Jones.

Optus, a subsidiary of SingTel, backs spin-outs from University of Melbourne.

University of Melbourne spinouts 121cast and Venuemob both receive funding from Optus, the Australian subsidiary of telecommunications firm Sing-Tel.

The University of Cambridge is making its first three investments into UoC spinouts through its new Enterprise Fund.

Comcast-backed Genacast Ventures has led a $1.8m seed round for US-based Mortar Data.

Statewide Arizona-based accelerator AZ Furnace announces its first 10 startups.

India-based online e-classified company, Info Edge, has invested $0.9m in return for a 25% in gift company Happily Unmarried Marketing.

Three companies were backed with $550,000 by the incubation programme set up by US-based semiconductor company Qualcomm and technology industry association CommNexus's incubator EvoNexus.