The room listings marketplace secured $475m at a $10bn valuation, showing once again the extraordinary growth potential for companies willing to disrupt existing industries.

The media company's business information subsidiary has led a $4.5m series B round for Skymet Weather Services to fund expansion from India.

The Phillipines-based telecommunications company has taken a 10% stake in Rocket Internet and the two plan to partner on mobile payment ventures.

DreamIt has introduced the 12 graduates of its three month incubator at the DreamIt Demo Day in New York yesterday.

OPT plans to invest in adtech, edtech, e-commerce and cloud services start-ups over three years as it grows its portfolio to 100 companies.

The hospitality marketplace, backed by Crunchfund and DST Global, reportedly closed the round at a $10bn valuation.

Thee months after making its first venture investment, Bauer is following the lead of competitor Axel Springer by launching a dedicated fund that will focus on software.

Bertelsmann's Asian corporate venturing fund has exited online education company Chuanke.com after it was bought by Baidu.