The Newell Rubbermaid-backed and US-based parcel carrier suspends its service in February.

Israel-based technology company Tel-Ad Electronic backs Bday's $2m round, as it launched on Facebook.

The US-based medical diagnostics company has spun off a plastics company with in partnership with a Chinese province, which its chief executive says could be a $1bn opportunity.

Google Ventures backs long-time Google employee Dave Girouard, who was a manager of consumer applications like Gmail, Google Calendar and Google Docs, to be an up

Physic Ventures leads fundraising backing recipe search company Yummly.com, with its limited partner Unilever's corporate venturing unit also participating.

Venture capital firm Creathor Ventures joined Xange in Mobiles' series A round with the money to be used to expand its news apps, including News Republic, APPY Geek and Glam Life, on different platforms.

Move comes seven years after Intel Capital set up a $50m Turkey and Middle East fund.

The 23-year old head of the US-based social loyalty marketing company 500Friends is reportedly the youngest entrepreneur Intel Capital has ever backed.

The top-line growth in 2011 comes after the healthcare software provider secured its first institutional investment the Blue Cross and Blue Shield Association's venture fund and its manager Sandbox Industries.