Logistics service GlobalTranz has spun out its freight tracking technology developer 10-4 Systems, with GlobalTranz co-founder Andrew Leto leading its series A round.

Naspers made its fifth investment in the mobile commerce company, which has just invested $4m in online ticketing platform Sympia.

E-commerce firm and existing investor Vente-Privee has returned to take part in another funding round for online flight booking startup MisterFly.

Clark Enterprises has celebrated an exit through the acquisition of retail analytics software developer Orchestro by supply chain services firm E2open.

University of Illinois at Urbana Champaign's EnterpriseWorks incubator graduate Trackbill raises $400,000 in funding.

Four investments totalling $126m to be made by Michigan University's endowment are disclosed through the agenda for its Board of Regents meeting.

Tengelmann and Rocket Internet were among the investors in a $6.8m round for the catering marketplace startup, launched in autumn last year.

Zhubajie led corporate outsourcing services provider 51Shebao's series B round, lifting its overall funding to $14m.